Timeline for How can we explain quantity competition and price taking?
Current License: CC BY-SA 4.0
8 events
| when toggle format | what | by | license | comment | |
|---|---|---|---|---|---|
| Oct 10, 2022 at 8:36 | comment | added | Giskard | @VARulle Just out of curiosity. I thought it used to be 1 l, but I probably just parsed it as VAR + rule instead of reading it carefully. My new parsing will be VAR + Ülle. | |
| Oct 10, 2022 at 7:48 | comment | added | VARulle | PPS: Why did you ask? | |
| Oct 4, 2022 at 11:30 | comment | added | VARulle | PS: Yes, always with 2 l's. | |
| Oct 4, 2022 at 11:28 | comment | added | VARulle | True, quantity competition makes no sense without the assumption of perfect homogeneity, but my point is that it also makes no sense with perfect homogeneity. | |
| Oct 4, 2022 at 11:08 | comment | added | Giskard | @VARulle This is a side question :) did you always write your username with 2 l's? | |
| Oct 4, 2022 at 11:08 | comment | added | Giskard | @VARulle Perfect homogeneity is IMO a key assumption of quantity competition. I don't see a way to make quantity competition make any sense without it, there is no market demand function without it. Since this assumption does not hold in most markets, simply omitting it will make the students wonder why these models fit real life so poorly. | |
| Oct 4, 2022 at 11:01 | comment | added | VARulle | I tried to keep my question of quantity competition vs. price competition separate from the question of product homogeneity. This would make things even more confusing, I think. Even for perfectly homogeneous goods it's not at all clear to me what the best approach is. | |
| Oct 4, 2022 at 10:54 | history | answered | Giskard | CC BY-SA 4.0 |