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Imperfect competition and reputational commitment

โœ Scribed by Heski Bar-Isaac


Book ID
116421149
Publisher
Elsevier Science
Year
2005
Tongue
English
Weight
112 KB
Volume
89
Category
Article
ISSN
0165-1765

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Imperfect competition and decentralized
โœ Peter Wiles ๐Ÿ“‚ Article ๐Ÿ“… 1964 ๐Ÿ› Springer US ๐ŸŒ English โš– 760 KB

This article contrasts two myths: perfect competition throughout a whole economy x and "perfect computation"-a computation so detailed and quick that it would achieve the same allocation of resources. It maintains that the former is in some respects as centralized as the latter, and that decentraliz