Publication: Journal of Economic Education
Volume: Volume 29, No. 4
Issue: Fall 1998
Pages: 347-357
Author(s): Donghyun Park (Nanyang Technological University)
Address (Principal Author):Donghyun Park, Lecturer, Nanyang Technological University, Nanyang Business School, Room No S3-B1A-12, Singapore 639798, 799-6130, fax: 799-3697
Internet Address (Principal Author):adpark@ntu.edu.sg
Title: The Meaning of Competition: A Graphical Exposition
Abstract: Few concepts are more important to economics than competition. Students typically learn a great deal about static competition and very little about dynamic competition. The author seeks to redress this imbalance by presenting a graphical method for illustrating and contrasting both views of competition.
Key Words:competition, market structure, competitive behavior, Schumpeter, innovationTo download a copy of this article, click here.