The Notion of Market Power in the Italian Marginalist School: Vilfredo Pareto and Enrico Barone

7 Pages Posted: 19 Jul 2005

See all articles by Manuela Mosca

Manuela Mosca

Università del Salento (Lecce) - Dipartimento di Scienze dell'Economia

Date Written: July 2005

Abstract

The paper deals with the notion of market power in the writings of two well-known Italian marginalists: Vilfredo Pareto (1848-1923), and Enrico Barone (1859-1924). It brings into focus the two economists' definition of the sources of market power, the kind of entry barriers the identified, and the role they attributed to potential competition. It shows that even if Pareto and Barone did not provide original analytical contributions to the solution of the models of price determination in imperfectly competitive markets, they should still have a place in the history of the theory of non-competitive markets for their theoretical innovations concerning the causes of market power.

Keywords: Market power, marginalism

JEL Classification: B13, D4

Suggested Citation

Mosca, Manuela, The Notion of Market Power in the Italian Marginalist School: Vilfredo Pareto and Enrico Barone (July 2005). Universita di Lecce Economics Working Paper No. 70-34. Available at SSRN: https://ssrn.com/abstract=757765 or http://dx.doi.org/10.2139/ssrn.757765

Manuela Mosca (Contact Author)

Università del Salento (Lecce) - Dipartimento di Scienze dell'Economia ( email )

Lecce 73100
Italy

Register to save articles to
your library

Register

Paper statistics

Downloads
64
Abstract Views
929
rank
351,372
PlumX Metrics