A colleague saw the same model-calibrating the elasticity of demand facing a Cournot oligopolist as a function of the number of firms… — Matthew Rabin Copy Share Image
“Americans mythologize competition and credit it with saving us from socialist bread lines. Actually, capitalism and competition are opposites. Capitalism is premised… — Peter Thiel Copy Share Image
I am convinced that both markets and free trade are good, but the traditional answer that we give to students to explain… — Paul Romer Copy Share Image
Marshall's crime is to pretend to handle imperfect competition with tools only applicable to perfect competition. — Paul Samuelson Copy Share Image
Under perfect competition, in the long run no company makes an economic profit. — Peter Thiel Copy Share Image
“Capitalism is premised on the accumulation of capital, but under perfect competition all profits get competed away. The lesson for entrepreneurs is… — Blake Masters Copy Share Image
From the equilibrium and spontaneous order of Adam Smith and his heirs, from invisible-handed markets and perfect competition, supply and demand, and… — George Gilder Copy Share Image
