Average Cost and Marginal Cost Pricing in Marshall: Textual Analysis and Interpretation

This paper proposes a textual analysis of Marshall’s theory of firm pricing behavior under competitive conditions. It considers to what extent average cost and marginal cost pricing rules characterize Marshall’s competitive partial equilibrium, and it shows that the two rules differ for origins and can be reconciled only with great difficulty in a general equilibrium framework.

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Year of publication:	2007-09
Authors:	zamparelli, luca
Institutions:	Volkswirtschaftliche Fakultät, Ludwig-Maximilians-Universität München
Subject:	Marshall \| classical competition \| perfect competition \| marginal and average cost

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Extent:	application/pdf
Series:	MPRA Paper.
Type of publication:	Book / Working Paper
Classification:	D46 - Value Theory ; B12 - Classical ; D41 - Perfect Competition ; B13 - Neoclassical through 1925
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005622047