Economics Dictionary of ArgumentsHome
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| Competition: Competition is a rivalry or contest between individuals or groups striving for a common goal, often involving effort, skill, or resources._____________Annotation: The above characterizations of concepts are neither definitions nor exhausting presentations of problems related to them. Instead, they are intended to give a short introduction to the contributions below. – Lexicon of Arguments. | |||
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Armen A. Alchian on Competition - Dictionary of Arguments
Henderson I 21 Competition/property rights/Alchian/Henderson/Globerman: (…) doesn't the owner of [a] new restaurant harm the incumbent restaurant's owner simply by competing for customers? Likely so, although Alchian argues that this apparent intrusion on the incumbent owner's property right is legitimate. Although private property rights protect private property from physical interference, no immunity is implied for the commercial value of anyone's property. Henderson I 22 No one should expect the profits or other benefits he receives from his property to be protected from other peoples' use of their own private property when the latter usage does not physically limit the former's use of his or her private property. >Property rights/Alchian, >Behavior/Alchian._____________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 [Concept/Author], [Author1]Vs[Author2] or [Author]Vs[term] resp. "problem:"/"solution:", "old:"/"new:" and "thesis:" is an addition from the Dictionary of Arguments. If a German edition is specified, the page numbers refer to this edition. |
Alchian I Armen A. Alchian William R. Allen Exchange and Production: Competition, Coordination and Control Belmont, CA: Wadsworth 1977 Henderson I David R. Henderson Steven Globerman The Essential UCLA School of Economics Vancouver: Fraser Institute. 2019 |
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