English, Article edition: Bilateral monopoly: a contribution by Francesco Ferrara Gioacchino Fazio

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Bookmark: http://trove.nla.gov.au/version/51126
Physical Description
  • article
Language
  • English

Edition details

Title
  • Bilateral monopoly: a contribution by Francesco Ferrara
Author
  • Gioacchino Fazio
Physical Description
  • article
Notes
  • In this paper, we propose an interpretation of the application of 'cost of reproduction' of Francesco Ferrara to the exchange between two agents to highlight its relevance for the theory of bilateral monopoly. In the Teoria delle Mercedi, Ferrara gives a numerical example to explain price determination in the exchange between one buyer and one seller. Here, this example is translated into a mathematical model that reproduces the fundamental issues of the neoclassical debate on the indeterminacy of price in the Cournot model, and anticipates the solutions proposed by Edgeworth at the end of this debate.
  • Francesco Ferrara, cost of reproduction, bilateral monopoly, theory of value, marginal analysis,
  • RePEc:taf:eujhet:v:16:y:2009:i:2:p:251-265
Language
  • English
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