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- W2373399630 abstract "Under the restrictive multi-conditions, the allocation efficiency of resources in the real economic world can not but deviate from the logic of the classical microeconomics, in accordance with which Pareto-efficient allocations will emerge only in the market structure of perfect competitive equilibrium. The contradiction between the pricing mode by the short -run marginal cost and the long -run compensation of the fixed cost creates the endogenous instability in the market structure of perfect competition. The hypothesis of the product competitiveness circle, which is put forward in this paper, somehow disproves the classical evolution theory of the market structure. The market structure in the oligarchy equilibrium should be divided into the equilibrium of oligopoly and that of oligarchy competition. As the result of natural evolvement of market structure, the equilibrium of oligarchy competitive can promote the enterprise performance, boost the efficiency of whole industry sector, and reach the market stabilization. So it is beneficial that the advance of concentration indices in one industry sector naturally comes only from the market behavior. Neither the equilibrium of competition nor that of oligarchy can resolve the problem of social equity that must appeal to the government. It is important for us to study the relation among the market structure, enterprise performance and economic stability, no matter whether to innovation of the theory of industrial organization or to establish the policy of industrial development." @default.
- W2373399630 created "2016-06-24" @default.
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- W2373399630 date "2004-01-01" @default.
- W2373399630 modified "2023-09-23" @default.
- W2373399630 title "Market Structure of Oligarchy Competition, Performance Promotion and Market Stabilization ——From a Viewpoint of Welfare Economics" @default.
- W2373399630 hasPublicationYear "2004" @default.
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