FYI, URL for the site is http://www.debunking-economics.com/ . It's definitely worth
checking out.
Thanks,
Anders
[EMAIL PROTECTED] 08/03/03 12:16AM
I hate to put it bluntly like this, but I don't think you should read
any of that Industrial Org stuff.
Take a look at Steve Keen's new book,
/2003 9:18 AM
To: [EMAIL PROTECTED]
Cc:
Subject: Re: [PEN-L] Microeconomics of cornering
I don't know of any technical papers on corners. On JSTOR, a collection
of the most prestigious journals, up to the last five years or so, has
Message-
From: Michael Pollak [mailto:[EMAIL PROTECTED]
Sent: Fri 8/1/2003 10:08 PM
To: [EMAIL PROTECTED]
Cc:
Subject: Re: [PEN-L] Microeconomics of cornering
On Fri, 1 Aug 2003, Eugene Coyle wrote:
Are you
]
Sent: Fri 8/1/2003 9:18 AM
To: [EMAIL PROTECTED]
Cc:
Subject: Re: [PEN-L] Microeconomics of cornering
I don't know of any technical papers on corners. On JSTOR, a collection
of the most prestigious journals, up to the last five years or so, has
only one
On Sat, 2 Aug 2003, Devine, James wrote:
this seems related to the model often used in industrial organization of
the dominant firm facing a competitive fringe. The firm takes the supply
curve (quantity supplied at each price) of the competitive fringe for
granted and then acts as if it were
: [PEN-L] Microeconomics of cornering
On Sat, 2 Aug 2003, Devine, James wrote:
this seems related to the model often used in industrial organization of
the dominant firm facing a competitive fringe. The firm takes the supply
curve
.
Jim
-Original Message-
From: Michael Pollak [mailto:[EMAIL PROTECTED]
Sent: Sat 8/2/2003 6:48 PM
To: [EMAIL PROTECTED]
Cc:
Subject: Re: [PEN-L] Microeconomics of cornering
On Sat, 2 Aug 2003, Devine, James wrote:
this seems
I hate to put it bluntly like this, but I don't think you should read any
of that Industrial Org stuff.
Take a look at Steve Keen's new book, Debunking Economics where he takes
apart that stuff, including Stigler, et. al.
He also has a web site, I think it is WWW.debunkingeconomics where he
Stigler's story fits the US Steel behavior fairly well. They set prices
sort of the way that Jim said, then gradually tried to buy out competitors
rather than do anythin to modernize. Steve Keen's book is a good
recommendation.
On Sat, Aug 02, 2003 at 09:16:36PM -0700, Eugene Coyle wrote:
I
Is there a good book on article on gaming markets? The economics of
monopoly are handled in Economics 101. But Opec had gotten me thinking
about the economics of cornering, i.e., if a producer is not a monopoly
supplier but simply a predominant one.
Say a consortium controls 30% of output, and
I don't know of any technical papers on corners. On JSTOR, a collection
of the most prestigious journals, up to the last five years or so, has
only one economics article with corners in the title. Towards a History
of Lost Corners in the World . Jan Vansina. The Economic History Review,
New
Are you thinking of cornering per se or simply gaming markets?
If the latter, I suggest you think in terms of dynamic behavior rather
than supply and demand curves. What manipulators are doing is not trying
to skim a profit for a brief period but rather to set up a long term
control. this usually
On Fri, 1 Aug 2003, Eugene Coyle wrote:
Are you thinking of cornering per se or simply gaming markets?
I guess neither cornering nor gaming nor fixing exactly describes
what I'm interested in. I'm interested specifically in raising the price
of a commodity by restricting how much you supply in
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