Quarterly Journal of Economics Vol. 92 No. 3 1978

Cost-Minimizing Number of Firms and Determination of Industry Structure

William J. Baumol; Dietrich Fischer¹

¹ New York University

Abstract

I. Introduction, 439.—II. Least-cost number of firms in a multiproduct industry, 441.—III. Shape of the M locus: economic interpretation, 446.—IV. Regions in which some specified number of firms may be optimal, 450.—V. Scale of demand and cost-minimizing market form, 454.—VI. The single-product case, 455.—VII. Conclusion, 460.—Appendix A: Proof of Theorem Ib, 462.—Appendix B: Proof of Theorem 3, 464.

DOI

10.2307/1883153

Volume

92

Issue

3

Pages

439

Sources

openalex crossref