๐”– Bobbio Scriptorium
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Trade policies and imperfect competition: Repply

โœ Scribed by E. W. M. T. Westerhout


Publisher
Springer
Year
1995
Tongue
English
Weight
113 KB
Volume
143
Category
Article
ISSN
0013-063X

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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