Titlebook: Readings in Industrial Economics; Volume Two: Private Charles K. Rowley (David Dale Professor of Economi Textbook 1972Latest edition Charl

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Output of the Restrained Firmry restraint on the behavior of the monopoly firm whose management has a preference for profits. Models describing firms which voluntarily restrain profits have been developed by O. Williamson [6] under the assumption of a managerial preference for expense and by W. Baumol [2] under the assumption o

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Information and Efficiency:Another Viewpointo review the manner in which the notion of efficiency is used in these problems. The concept of efficiency has been abused frequently because of the particular approach used by many analysts. My aim is to examine the mistakes and the vagueness associated with this approach. I shall focus attention o

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