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Business / Imperfect competition / Competition / Pricing / Lerner index / Market power / Abba P. Lerner / Oligopoly / Industrial organization / Economics / Monopoly / Microeconomics
Date: 2012-09-05 09:58:14
Business
Imperfect competition
Competition
Pricing
Lerner index
Market power
Abba P. Lerner
Oligopoly
Industrial organization
Economics
Monopoly
Microeconomics

Although Abba Lerner’s 1934 RES paper is remembered today for having introduced the Lerner Index as a measure of monopoly power, the paper was as much concerned with clarifying the nature of the social loss from monopoly as with measuring monopoly power

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