A Reswitching Example in a Model of Oligopoly

14 Pages Posted: 8 Feb 2017  

Robert L. Vienneau

Independent

Date Written: February 8, 2017

Abstract

This paper illustrates, through a numerical example of reswitching under oligopoly, the existence of implications from the Cambridge Capital Controversy for the theory of industrial organization. Oligopoly is modeled by given and persistent ratios in rates of profits among industries, as expressed in a system of equations for prices of production. The numerical example illustrates that this model of oligopoly is a pertubation of free competition. Some comparisons and contrasts are drawn to a model of free competition.

Keywords: Cambridge Capital Controversy, Reswitching, Oligopoly

JEL Classification: B24, D24, L4, D43

Suggested Citation

Vienneau, Robert L., A Reswitching Example in a Model of Oligopoly (February 8, 2017). Available at SSRN: https://ssrn.com/abstract=2912181 or http://dx.doi.org/10.2139/ssrn.2912181

Robert L. Vienneau (Contact Author)

Independent ( email )

209 Maple Street
Rome, NY 13440
315-336-5417 (Phone)
315-334-4964 (Fax)

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