The Origin and Early Development of Monopolistic Competition Theory

Abstract

I. Introduction, 515. — II. Early origins in railway rate theory: oligopoly, 517. — III. Process, structure and logic, 520. — IV. “Competing monopolists” and the literature of business, 524. — V. The attack on Marshall, 532; oligopoly, 533, increasing returns, 534, the representative firm and dynamic problems, 538. — VI. Marshall on monopolistic competition, 540.