Neoclassical Economics on Competition - Dictionary of Arguments
Mause I 40
Competition/Neoclassics: for neoclassical theory, the (static) efficiency, i.e. the allocative advantageousness of a market equilibrium, is in the foreground.
Adam SmithVsNeoclassical Theory: Smith clearly focuses on the dynamic function of competition, i.e. its impact on economic growth.
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Mause I 162
Perfect Competition/Competition/Neoclassics: For neoclassical theory, the prerequisite for perfect competition is that goods and factors can in principle (...) be divided. This is not a problem for homogeneous goods such as salt, but it is impossible for machines for example.
If the objects under consideration become even larger, such as railway lines or motorways, there is usually only one (regional) provider that is efficient. Then one speaks of "natural monopolies"._____________Explanation of symbols: Roman numerals indicate the source, arabic numerals indicate the page number. The corresponding books are indicated on the right hand side. ((s)…): Comment by the sender of the contribution. Translations: Dictionary of Arguments The note [Author1]Vs[Author2] or [Author]Vs[term] is an addition from the Dictionary of Arguments. If a German edition is specified, the page numbers refer to this edition.
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