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Journal articles on the topic 'Perfect and incomplete competition'

Author: Grafiati

Published: 30 May 2022

Last updated: 31 July 2025

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1

Guthmann, Rafael R. "Vanishing Market Power." Estudos Econômicos (São Paulo) 54, no. 1 (2024): 135–66. http://dx.doi.org/10.1590/1980-53575415rrg.

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Abstract Perfect competition can be approximated in an environment with differentiated goods, heterogeneous firms, and frictions of trading. This paper considers an environment where sellers sell differentiated goods to buyers, and frictions of trading are represented by the buyers having incomplete consideration sets of the sellers in the market. Besides selling differentiated products, some sellers are more “prominent” and so are present in a larger number of buyers’ consideration sets. However, despite these imperfections, as the average number of sellers in the buyers’ consideration sets e

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2

Satterthwaite, Mark, and Artyom Shneyerov. "Dynamic Matching, Two-Sided Incomplete Information, and Participation Costs: Existence and Convergence to Perfect Competition." Econometrica 75, no. 1 (2007): 155–200. http://dx.doi.org/10.1111/j.1468-0262.2007.00735.x.

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3

Ganapati, Sharat, Joseph S. Shapiro, and Reed Walker. "Energy Cost Pass-Through in US Manufacturing: Estimates and Implications for Carbon Taxes." American Economic Journal: Applied Economics 12, no. 2 (2020): 303–42. http://dx.doi.org/10.1257/app.20180474.

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We study how changes in energy input costs for US manufacturers affect the relative welfare of manufacturing producers and consumers (i.e., incidence). We also develop a methodology to estimate the incidence of input taxes that accounts for incomplete pass-through, imperfect competition, and substitution among inputs. For the several industries we study, 70 percent of energy price-driven changes in input costs get passed through to consumers in the short to medium run. The share of the welfare cost that consumers bear is 25–75 percent smaller (and the share producers bear is larger) than model

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4

Ristic, Bojan, and Dejan Trifunovic. "Horizontal mergers and weak and strong competition commissions." Ekonomski anali 59, no. 202 (2014): 69–106. http://dx.doi.org/10.2298/eka1402069r.

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In this paper we analyse the horizontal merger of companies in an already concentrated industry. The participants in mergers are obliged to submit notification to the Competition Commission but they also have the option of rejecting the merger. At the time of the notification submission the participants do not know whether the Commission is strong or weak, and they can complain to the Court if the Commission prohibits the merger. We model the strategic interaction between Participants and Commission in a dynamic game of incomplete information and determine weak perfect Bayesian equilibria. The

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5

Marin, Jorge Barrientos, and Hector Gomez Marin. "Oligopoly and Collusion in the Colombian Electricity Market." International Journal of Energy Economics and Policy 12, no. 3 (2022): 125–34. http://dx.doi.org/10.32479/ijeep.12883.

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The Wholesale Electricity Market –WEM– in Colombia was created with Laws 142 and 143 of 1994 with the aim of promoting and preserving competition among agents and guaranteeing an efficient energy spot price. However, in practice the market works as an oligopoly in competition; evidence indicates there is market concentration, without reaching abuse of dominant position or price collusion, at least not explicitly. This paper develops a game model with incomplete information, in which there is at least a Perfect Bayesian Equilibrium with implicit collusion among agents. That is, it is highly lik

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6

Kim, Weon-Seek. "Platform Competition and Mandatory Exclusive Homing under Differentiated Cross Network Effects and Incomplete Information on Buyer Type." Korea International Trade Research Institute 18, no. 4 (2022): 263–78. http://dx.doi.org/10.16980/jitc.18.4.202208.263.

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Purpose - This paper aims to analyze competition between two platforms with asymmetric cross indirect network effects under hidden buyer sensitivity. Platforms are differentiated by indirect network effects toward buyers that are also differentiated privately with sensitivity to the effects. Design/Methodology/Approach - We set up a platform competition model based on a signaling game and thus characterized a perfect Bayesian Nash equilibrium. A nature selects two types of buyer with a certain probability. Each type of buyer chooses one platform (single-homing). Sellers can choose either

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7

Satterthwaite, Mark, and Artyom Shneyerov. "Convergence to perfect competition of a dynamic matching and bargaining market with two-sided incomplete information and exogenous exit rate." Games and Economic Behavior 63, no. 2 (2008): 435–67. http://dx.doi.org/10.1016/j.geb.2008.04.014.

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8

Castro, Luis E., and Nazrul I. Shaikh. "Optimal Advertisement Spending in a Duopoly with Incomplete Information." International Journal of Business Analytics 5, no. 3 (2018): 1–21. http://dx.doi.org/10.4018/ijban.2018070101.

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This article presents the relationship between a firm's advertisement spending and sales in a duopoly when information about the competitors' advertisement spending is unavailable. The competitive interaction between the firms has been modeled as imperfect information Cournot and Stackelberg games and the conditions for subgame perfect Bayesian Nash equilibrium are presented. The results suggest that when the firms are similar in size and advertisement effectiveness, both firms are better off sharing their advertising plans with each other. On the other hand, when one of the firms is a market

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9

Zhou, Yijia. "Market Efficiency in the UK Emerging Financial Markets." Advances in Economics, Management and Political Sciences 19, no. 1 (2023): 366–71. http://dx.doi.org/10.54254/2754-1169/19/20230161.

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The UK financial market system is huge, more clearly divided and more functional. Under the impact of the world financial innovation trend and the increasing competition in the international financial market, the UK financial market has made quite bold financial innovations. The internationalization trend of the UK's emerging financial market, capital market and London foreign exchange market are all strengthening. The efficiency of financial markets has a significant impact on the effective functioning of financial markets and thus on the efficiency of real economic operations. Market efficie

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10

Monderer, D., and M. Tennenholtz. "Dynamic Non-Bayesian Decision Making." Journal of Artificial Intelligence Research 7 (November 1, 1997): 231–48. http://dx.doi.org/10.1613/jair.447.

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The model of a non-Bayesian agent who faces a repeated game with incomplete information against Nature is an appropriate tool for modeling general agent-environment interactions. In such a model the environment state (controlled by Nature) may change arbitrarily, and the feedback/reward function is initially unknown. The agent is not Bayesian, that is he does not form a prior probability neither on the state selection strategy of Nature, nor on his reward function. A policy for the agent is a function which assigns an action to every history of observations and actions. Two basic feedback stru

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11

Xu, Yiping. "Exploration of Practical Teaching Reform Based on High-quality International Talent Cultivation." ICCCM Journal of Social Sciences and Humanities 1, no. 3 (2022): 38–48. http://dx.doi.org/10.53797/icccmjssh.v1i3.5.2022.

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The most prominent problem in the process of economic globalization is the shortage of high-quality international talents. As colleges and universities that train talents, they shoulder the important task of international talent training. However, there are still some deficiencies in the training of international talents in domestic universities, such as inconsistent practical teaching, incomplete teaching practice conditions, instable teaching staff, and unsound management system, etc. This paper starts with the problems existing in the practical teaching of international talent training in C

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12

Ng, Yi Ching, and Chi Yat Wong. "Research on the current status and strategies of online marathons in our country." Cambridge Sport Science 2025, no. 1 (2025): 29–33. https://doi.org/10.62852/css/2025/130.

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This study employs the literature review method and logical analysis to investigate online marathons in our country. It points out that online marathons in our country have developed rapidly and their scale has continued to expand. However, there are still issues such as athlete cheating, an incomplete logistics support system, a strong commercial atmosphere surrounding the events, and a lack of systematic constraints on athletes' blind participation. It is believed that a sound anti-cheating monitoring system should be established to ensure the fairness and justice of the events; an online me

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13

Tolstobrov, Danil. "OPERATIONAL EVALUATION OF THE PROBABILITY OF PERFORMANCE OF THE ORDER IN THE CONDITION OF UNCERTAINTY OF CONSUMER DEMAND." Applied Mathematics and Control Sciences, no. 3 (September 30, 2019): 133–57. http://dx.doi.org/10.15593/2499-9873/2019.3.08.

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Modern software allows industrial enterprises to rationalize the use of employees' working hours, to reduce labor intensity and material consumption of manufactured products, but the factor of consumer demand uncertainty forces us to focus on a probabilistic model when forming a portfolio of orders. The paper considers the method of operational forecasting of production costs and the probability of execution of the application by an enterprise operating in the market of perfect competition in the conditions of clients filing applications with an incomplete amount of information. The author's a

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14

Tarziján, Jorge. "Limit pricing with complementary goods." Journal of Modelling in Management 6, no. 2 (2011): 215–24. http://dx.doi.org/10.1108/17465661111149593.

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PurposeThis paper aims to examine the equilibrium limit price charged by a producer trying to deter the entry of a firm that can choose one of the two markets of complementary goods.Design/methodology/approachThe authors model a dynamic game of incomplete information solved using a “perfect Bayesian equilibrium” approach.FindingsIt is shown that an incumbent will be willing to spend more resources – i.e. charge a lower limit price – to deter entry into its market as products become more complementary. This is because additional benefits are gained from entry deterrence by facing a more competi

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15

Vegari, Matthew Jeffrey. "Perfect Competition." Sewanee Review 130, no. 1 (2022): 123–49. http://dx.doi.org/10.1353/sew.2022.0005.

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16

Pe'er, Itsik, Tal Pupko, Ron Shamir, and Roded Sharan. "Incomplete Directed Perfect Phylogeny." SIAM Journal on Computing 33, no. 3 (2004): 590–607. http://dx.doi.org/10.1137/s0097539702406510.

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17

Maciąg, Piotr. "Virtual vs. perfect competition." e-mentor 2016, no. 5(67) (2017): 46–52. http://dx.doi.org/10.15219/em67.1267.

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18

McDermott, John F. M. "Perfect competition, methodologically contemplated." Journal of Post Keynesian Economics 37, no. 4 (2015): 687–703. http://dx.doi.org/10.1080/01603477.2015.1050335.

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19

Tubbs, Anthony, Javad Golji, Meredeth McGowan, et al. "Abstract 4205: Direct measurement of TA repeat expansions significantly outperforms MSI-H status as a predictor of sensitivity to the novel WRN inhibitor MOMA-341." Cancer Research 85, no. 8_Supplement_1 (2025): 4205. https://doi.org/10.1158/1538-7445.am2025-4205.

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MOMA-341, first disclosed herein, is a novel, potent, and selective clinical stage small molecule inhibitor of the Werner RecQ like helicase (WRN) that acts through an allosteric, ATP-competitive binding mechanism and covalent ligation of WRN at cysteine 727. Consistent with WRN genetic depletion in MSI-H models, MOMA-341 induces DNA damage, cell death, and tumor regressions in mismatch-repair deficient (dMMR)/microsatellite instability high (MSI-H) models but has no effect in MSS tumor models or cell lines derived from normal tissues. MSI-H status, defined by loss of MMR proteins or using sho

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20

Fradera, Isabel. "Perfect Competition with Product Differentiation." International Economic Review 27, no. 3 (1986): 529. http://dx.doi.org/10.2307/2526678.

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21

Vind, Karl. "Perfect competition or the core." European Economic Review 39, no. 9 (1995): 1733–45. http://dx.doi.org/10.1016/0014-2921(95)00014-3.

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22

Hens, Thorsten. "Exchange rates and perfect competition." Journal of Economics 65, no. 2 (1997): 151–61. http://dx.doi.org/10.1007/bf01226932.

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23

Satya, R. V., and A. Mukherjee. "The Undirected Incomplete Perfect Phylogeny Problem." IEEE/ACM Transactions on Computational Biology and Bioinformatics 5, no. 4 (2008): 618–29. http://dx.doi.org/10.1109/tcbb.2007.70218.

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24

KIMMEL, GAD, and RON SHAMIR. "THE INCOMPLETE PERFECT PHYLOGENY HAPLOTYPE PROBLEM." Journal of Bioinformatics and Computational Biology 03, no. 02 (2005): 359–84. http://dx.doi.org/10.1142/s0219720005001090.

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The problem of resolving genotypes into haplotypes, under the perfect phylogeny model, has been under intensive study recently. All studies so far handled missing data entries in a heuristic manner. We prove that the perfect phylogeny haplotype problem is NP-complete when some of the data entries are missing, even when the phylogeny is rooted. We define a biologically motivated probabilistic model for genotype generation and for the way missing data occur. Under this model, we provide an algorithm, which takes an expected polynomial time. In tests on simulated data, our algorithm quickly resol

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25

Herwig, Alexia. "Competition, Not Regulation – or Regulated Competition?" European Journal of Risk Regulation 6, no. 3 (2015): 405–17. http://dx.doi.org/10.1017/s1867299x00004852.

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GATT Article III:4 aims at equal treatment in respect of competitive opportunities of imports and competing domestic products by preventing protectionism. A key question is whether regulations with heavier burdens on imported products than on domestic products and a valid regulatory purpose are consistent with Article III:4. Inquiry into regulatory purpose under Article III:4 would allow by-passing Article XX whose list of regulatory objectives is a closed one and which puts the burden of proof on the defending WTO member. In EC-Seal Products, the Appellate Body has rejected any role for the r

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26

BRADLEY, MICHAEL E. "ADAM SMITH’S SYSTEM OF NATURAL LIBERTY: COMPETITION, CONTESTABILITY, AND MARKET PROCESS." Journal of the History of Economic Thought 32, no. 2 (2010): 237–62. http://dx.doi.org/10.1017/s1053837210000131.

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In this article, I argue that Adam Smith’s system of perfect liberty contains some of the seeds of perfect competition, but that the modern perfectly competitive model differs from Smith’s perfect liberty in some important respects—in particular, the role of active competition among firms and the role of the entrepreneur. The article examines the analytical linkages between Smith’s system of liberty and three strands of modern economic theory—neoclassical perfect competition, contestable market theory and the Austrian analysis of market process.

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27

Mukaromah, Ni’matul Fitria, and Temmy Wijaya. "PASAR PERSAINGAN SEMPURNA DAN PASAR PERSAINGAN TIDAK SEMPURNA DALAM PERSPEKTIF ISLAM." PROFIT: Jurnal Kajian Ekonomi dan Perbankan Syariah 4, no. 2 (2020): 1–16. http://dx.doi.org/10.33650/profit.v4i2.1621.

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Conceptually, this research describes the structure between the perfect competition market and the imperfect competition market which is also seen from an Islamic perspective, which of course also talks about the structure of the perfect competition market and imperfect competition market, as well as several things about this. Market, which incidentally is a meeting place for buyers and sellers to carry out buying and selling transactions of goods and services, as well as a place for the community to meet the needs and drivers of the community's economy. There are various kinds of markets, for

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28

Suzuki, Nobuhiro, and Harry M. Kaiser. "Imperfect Competition Models and Commodity Promotion Evaluation: The Case of U.S. Generic Milk Advertising." Journal of Agricultural and Applied Economics 29, no. 2 (1997): 315–25. http://dx.doi.org/10.1017/s1074070800007811.

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AbstractThis article examines whether the assumption of perfect competition in the U.S. dairy industry biases the findings of economic impacts of generic dairy advertising. An imperfect competition model based on an approach similar to that of Appelbaum is developed and used to evaluate generic milk advertising. The results are compared with a perfect competition model. The findings indicate positive price and quantity impacts due to generic advertising. The differences in magnitude of impacts between the two models are small, suggesting that the assumption of perfect competition for U.S. dair

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29

Böhringer, Christoph, Andreas Löschel, and Heinz Welsch. "Environmental Taxation and Induced Structural Change in an Open Economy: The Role of Market Structure." German Economic Review 9, no. 1 (2008): 17–40. http://dx.doi.org/10.1111/j.1468-0475.2008.00421.x.

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Abstract Studies of structural change induced by environmental taxation usually proceed in a perfect-competition framework and typically find structural change to be quite moderate under realistic emission reduction scenarios. By observing that some of the industries affected are likely to operate under imperfect rather than perfect competition, additional mechanisms emerge which may amplify structural change beyond the extent identified as yet. Especially, changes in economies of scale may arise which weaken or strengthen the competitive position of industries over and above the initial cost

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30

Barnes, William. "Forging More Perfect Unions." Journal of Bahá’í Studies 5, no. 1 (1992): 1–11. http://dx.doi.org/10.31581/jbs-5.1.437(1992).

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The author believes that, to avoid disintegration, social advances toward more inclusive political structures must be accompanied by a moral advance toward more universal values. This article discusses the three stages of humanity’s global political unification, as these are described in the Bahá’í writings: confederation, federation, and commonwealth. Since in the author’s view forms of government are outer expressions of inner levels of collective unified consciousness, each of these forms of government also marks a stage of humanity’s deepening inner unification. Of particular note is the d

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31

Encinas-Ferrer, Carlos. "Oligopsony-Oligopoly The perfect imperfect competition." Nova Scientia 6, no. 11 (2014): 346. http://dx.doi.org/10.21640/ns.v6i11.87.

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Oligopoly and oligopsony have been studied extensively. However, the dual figure of the oligopsonistic-oligopolistic intermediary has not been. This dual personality has a double negative impact on the market, on one hand reduces the demand to producers who face a competitive market, lowering prices as buyers, and on the other hand reducing its offer by raising the prices as sellers. In this way, their benefits are increased buying cheap and selling expensive, affecting effective demand of the consumer and the effective supply of the initial producer.

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32

Mosca, Manuela, and Michael E. Bradley. "Perfect competition according to Enrico Barone." Cahiers d Économie Politique 64, no. 1 (2013): 9. http://dx.doi.org/10.3917/cep.064.0009.

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33

Cukrowski, Jacek, and Ernest Aksen. "Perfect competition and intra-industry trade." Economics Letters 78, no. 1 (2003): 101–8. http://dx.doi.org/10.1016/s0165-1765(02)00170-2.

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34

Ferrer, Carlos Encinas. "Oligopsony-Oligopoly the Perfect Imperfect Competition." Procedia Economics and Finance 5 (2013): 269–78. http://dx.doi.org/10.1016/s2212-5671(13)00033-6.

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35

Friesz, Terry L., and Changhyun Kwon. "Supply chain design in perfect competition." International Journal of Services Operations and Informatics 3, no. 3/4 (2008): 340. http://dx.doi.org/10.1504/ijsoi.2008.021343.

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36

Durkin Jr, John T. "Perfect Competition and Endogenous Comparitive Advantage." Review of International Economics 5, no. 3 (1997): 401–11. http://dx.doi.org/10.1111/1467-9396.00065.

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37

Hunt, Shelby D., and Robert M. Morgan. "The Comparative Advantage Theory of Competition." Journal of Marketing 59, no. 2 (1995): 1–15. http://dx.doi.org/10.1177/002224299505900201.

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A new theory of competition is evolving in the strategy literature. The authors explicate the foundations of this new theory, the “comparative advantage theory of competition,” and contrast them with the neoclassical theory of perfect competition. They argue that the new theory of competition explains key macro and micro phenomena better than neoclassical perfect competition theory. Finally, they further explicate the theory of comparative advantage by evaluating a market orientation as a potential resource for comparative advantage.

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38

Aubert, Cécile, and Jérôme Pouyet. "Incomplete regulation, market competition and collusion." Review of Economic Design 10, no. 2 (2006): 113–42. http://dx.doi.org/10.1007/s10058-006-0014-z.

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39

Piteková, Jana, and Iveta Ubrežiová. "Dokonalá konkurencia." REFLEXIE Kompendium teórie a praxe podnikania 6, no. 1 (2022): 63–75. http://dx.doi.org/10.54937/refl.2022.6.1.63-75.

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The two-word title of the paper evokes a one-word word for some economists, managers and students - it does not exist. It only exists on a theoretical level from the viewpoint of A. Smith, P. Samuelson, W. Nordhaus. They said that the competition is the perfect driving force behind the efficiency of the market mechanism. Prof. Briška, an university professor (1948) confirmed their theory like first economist in Czechoslovakia in his study. It was first university textbook about perfect competition. The aim of submitted paper is based on the processing of scientific and professional literature

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40

Palacio-Morena, Juan Ignacio, Alejandro Mungaray-Lagarda, Lizbeth Salgado-Beltrán, and Jaciel Ramsés Méndez-León. "Full Competition and Innovation." Sustainability 17, no. 2 (2025): 527. https://doi.org/10.3390/su17020527.

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Economic science is built on the basis of the concept of competition. Classical School economists have not defined this concept with precision. The “Neoclassic Revolution” defined the concept of perfect competition as an ideal combination of productive resources accessible to all permanently (optimal size). Within this framework, competition ensures that suppliers will cover demand by matching market prices to both average and marginal costs corresponding to the optimal size. Large and persistent differences in profit and wage rates, when interpreted from a perfect competition perspective, wil

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41

Zhang, Xuebin. "Incomplete perfect Mendelsohn designs with block size four." Discrete Mathematics 254, no. 1-3 (2002): 565–97. http://dx.doi.org/10.1016/s0012-365x(01)00342-9.

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42

Arieli, Itai, and Yehuda Levy. "Infinite sequential games with perfect but incomplete information." International Journal of Game Theory 40, no. 2 (2010): 207–13. http://dx.doi.org/10.1007/s00182-010-0234-x.

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43

Rees, D. "Perfect Graeco-Latin balanced incomplete block designs (pergolas)." Discrete Mathematics 197-198, no. 1-3 (1999): 691–712. http://dx.doi.org/10.1016/s0012-365x(98)00272-6.

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44

Rees, D. H., and D. A. Preece. "Perfect Graeco-Latin balanced incomplete block designs (pergolas)." Discrete Mathematics 197-198 (February 1999): 691–712. http://dx.doi.org/10.1016/s0012-365x(99)90135-8.

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45

Islam, Mohammed Saiful. "Elimination of Excess Capacity in Monopolistic Competition: An Alternative Approach." International Research in Economics and Finance 3, no. 1 (2019): 1. http://dx.doi.org/10.20849/iref.v3i1.568.

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Monopolistic competition is a real life market structure in which the elements of both perfect competition and monopoly exist. The paper examines the properties of perfect competition and monopoly under the purview of both conventional and Islamic economics. It finds that perfect competition is permissible in Islamic economic framework but monopoly is not. Monopolistic competition, however, cannot be fully abolished because of its real life relevance. The main problem lying with the monopolistic competition is that each firm preserves the capacity of producing more than what they produce in eq

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46

Berta, Nathalie, Ludovic A. Julien, and Fabrice Tricou. "On perfect competition: definitions, usages and foundations." Cahiers d Économie Politique 63, no. 2 (2012): 7. http://dx.doi.org/10.3917/cep.063.0007.

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47

Heath, Will Carrington, and Frank M. Machovec. "Perfect Competition and the Transformation of Economics." Southern Economic Journal 63, no. 3 (1997): 825. http://dx.doi.org/10.2307/1061123.

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48

Azevedo, Eduardo M., and Daniel Gottlieb. "Perfect Competition in Markets With Adverse Selection." Econometrica 85, no. 1 (2017): 67–105. http://dx.doi.org/10.3982/ecta13434.

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49

Skeath, Susan E., Ann D. Velenchik, Len M. Nichols, and Karl E. Case. "Consistent Comparisons Between Monopoly and Perfect Competition." Journal of Economic Education 23, no. 3 (1992): 255–61. http://dx.doi.org/10.1080/00220485.1992.10844760.

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50

Post, Chris W. "Picture Perfect: AAG Landscape Photography Competition Winners." Focus on Geography 57, no. 3 (2014): 134. http://dx.doi.org/10.1111/foge.12036.

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