On the Role of Numbers and Information in Competition,
Abstract
In the verbal descriptions of price in a competitive market the role of many competitors in bringing about the existence of a competitive price system is critical. Yet in the purported mathematization of these descriptions the role of the presence of many competitors disappears. The author discusses the importance of the role of numbers in a market.
Document Details
- Document Type
- Technical Report
- Publication Date
- Feb 26, 1974
- Accession Number
- AD0775786
Entities
People
- Martin Shubik
Organizations
- Yale University