Factor Demand Theory Under Perfect Competition, Monopoly, and Monopsony,

Abstract

This paper contains three parts. First, the factor demand conditions under monopoly are examined because the basic methodology here will be applied to subsequent cases. Second, perfect competition will be examined using the traditional model, and then using the general model; and finally monopsony in some factor markets is also considered. Monopsony conditions, i.e., an upward sloping supply curve to the firm, are faced, for example, when the Department of Defense attempts to enlist individuals for the AVF (All-Volunteer Force). As such this paper should be of interest for those in the military manpower area.

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Document Details

Document Type
Technical Report
Publication Date
Oct 01, 1974
Accession Number
ADA031675

Entities

People

  • Robert Shishko

Organizations

  • RAND Corporation

Tags

DTIC Thesaurus Topics

  • California
  • Competition
  • Computations
  • Consumers
  • Contracts
  • Corporations
  • Department Of Defense
  • Economics
  • Elastic Properties
  • Equations
  • Manpower
  • Mathematics
  • Neurobehavioral Manifestations
  • Notation
  • Production

Readers

  • Industrial Economics
  • Naval Personnel Management
  • Statistical inference.

Technology Areas

  • AI & ML
  • AI & ML - Bayesian Inference
  • AI & ML - DoD AI Strategy