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Chapter 8 |
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Definitions
There is a definition for Perfect Competition, and for many other economic concepts at Alan Deardorff's web site:
http://www-personal.umich.edu/~alandear/glossary/
Perfect competition is on this page:
http://www-personal.umich.edu/~alandear/glossary/p.html
Jack High offers a discussion of competition:
http://www.econlib.org/library/Enc/Competition.html
Large Numbers
There is a discussion of the importance of large numbers of market participants to the equilibrium of perfect competition at the History of Economic Thought web site of the New School in the entry for Edgeworth:
http://cepa.newschool.edu/het/schools/edgeworthian.htm
Perfect Information
Benjamin Klein on brand names and information:
http://www.econlib.org/library/Enc/BrandNames.html
You can also read about the contributions of Daniel Kahneman and Vernon Smith that won the Nobel prize for 2002:
http://www.nobel.se/economics/laureates/2002/public.html
Product Homogeneity
Jon-Pal, who works for Linux.com, compares the market for Linux to the economic concept of perfect competition:
http://linux.omnipotent.net/article.php?article_id=7476
Perfect Mobility of Resources
The Revision Guru has resources for studying perfect competition:
http://www.revisionguru.co.uk/economics/perfcomp.htm
Britney Spears
Your textbook ponders "Why everyone loves Britney Spears" on page 274.
The "Official" Britney Spears fan site:
http://www.britneyspears.com/
The university professor who prepared this web companion made the mistake of typing the phrase "Britney Spears" into a search engine: he received approximately 4,910,000 entries. You are encouraged to be cautious in your use of this phrase when using Internet resources.
The following newsgroups / listservs provide information related to the text material and/or applications of Chapter 8. In order to connect to some of the newsgroups, your Internet provider must subscribe to that group. No provider will subscribe to all available groups, so you may occasionally have trouble connecting, especially to obscure or special interest groups.
A listserv and archive site that provides the background and debates surrounding Marxist thought provides some useful resources. In particular, a contribution from Milton Friedman regarding the assumption of perfect competition can be found here:
http://listserv.cddc.vt.edu/marxists/www.marxists.org/reference/
Select "Friedman, On Methodology" from the drop-down menu near the bottom of the page.
There is a listserv dedicated to the works of Hayek, a theorist who spent some intellectual energy grappling with the concept of competition:
HAYEK-L@MAELSTROM.STJOHNS.EDU
The archive is here:
http://maelstrom.stjohns.edu/CGI/wa.exe?A0=hayek-l&D=0&F=&H=0&O=T&S=&T=1
Agriculture is the classic example of a competitive market. The Sustainable Agriculture Network Discussion Group has its home page here:
http://lists.ifas.ufl.edu/cgi-bin/wa.exe?A0=sanet-mg
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