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Equilibrium in Monopolistic Competition

Quarterly Journal of Economics 1940 55(1), 95
The meaning of an imperfect market, 95. — Assumptions underlying the present analysis, 96. — I. The demand functions, 96. — II. Competitor's expectation of his rivais' behavior, 98. — His estimated demand function, 100. — III. Diagrammatic demonstration of attainment of equilibrium, 100. — IV. Equilibrium conditions for the general case, 103. — Conditions affecting the relative magnitudes of p1 and p2 in equilibrium: (1) differences in demand functions, 105; different methods of estimation, 106; (3) cost differences, 106. — V. Conditions under which equilibrium is stable and economically possible, 107. — Cases where the stability conditions are not fulfilled or where equilibrium is economically impossible, 114.

The Structure of Interest Rates

Quarterly Journal of Economics 1940 55(1), 36
I. Assumptions, 36. — Five propositions concerning the relationship between short and long rates, 37. — II. Influence of the costs of investment, 41. — Shiftability on the lenders' side, 43. — Two complications: many maturities, 44; the function of banks as changers of maturities, 45. — III. The influence of risk, 46. — IV. Expectations: the rational investor's decisions, 48; possible inconsistencies, 49. Effect of divergent expectations among members of the market, when the majority expect rising interest rates, 51; when "the market" expects rates to fall, 54. — V. Verification: movement of interest rates over time, 55; structure of yields on different maturities, 56. — VI. Bearing of this analysis on: influence of the discount rate on investment, 60; interest and the marginal efficiency of capital, 60; influence of wide gaps between short and long rates, 61; the "liquidity theory of interest, " 62.

Competing Products and Monopolistic Competition

Quarterly Journal of Economics 1940 55(1), 1
Scope and method, 1. — Two special cases: (1) spatial competition in one dimension, 2; entry into the market, 8; (2) brand and specification competition in one dimension, 12; entry into the market, 15. — Comparison between these two types of competition, 17. — Quality competition in four dimensions, 18. — The species market and the genus market, 18. — Comparison with Chamberlin's treatment, 19. — Entry into a genus market, 20. — Absorption of delivery charges, 22. — The difference between plant and enterprise, 24. — Price differentials and product diversification, 24. — The scale of output, 28. — The perfect competitive market: three assumptions of monopolistic competition, 28. — Conditions needed in order to establish a perfect competitive market, 30. — Perfect competition contrasted with monopolistic competition, 32. — Implications of the theory of monopolistic competition which remain to be explored, 34.

The Scale of Agricultural Production--Some Corrections

Quarterly Journal of Economics 1940 54(2), 314
Journal Article The Scale of Agricultural Production — Some Corrections Get access J. A. Hopkins J. A. Hopkins WPA National Research Project Search for other works by this author on: Oxford Academic Google Scholar The Quarterly Journal of Economics, Volume 54, Issue 2, February 1940, Pages 314–316, https://doi.org/10.2307/1883338 Published: 01 February 1940

Demand and Supply Curves

Quarterly Journal of Economics 1940 54(2), 307
Journal Article Demand and Supply Curves Get access Lewis A. Maverick Lewis A. Maverick University of California, Los Angeles Search for other works by this author on: Oxford Academic Google Scholar The Quarterly Journal of Economics, Volume 54, Issue 2, February 1940, Pages 307–313, https://doi.org/10.2307/1883337 Published: 01 February 1940

The "Freight Allowed" Method of Price Quotation

Quarterly Journal of Economics 1940 54(2), 232
Development of the policy, 232.— Freight allowed to destination, 233.— Freight allowed and prepaid, 234.— Freight allowed within zones, 235.— Freight allowed to distributing points, 236.— Characteristics of goods sold freight allowed, 237.— Reasons given by sellers, 237.— Real reason for the policy, 240.— Discrimination involved in the policy, 242.— The open f.o.b. factory policy, 243.— Summary, 245.