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A Note on the ‘Invariance of Market Innovation to the Number of Firms’*
Author(s) -
Iidaka Yuki
Publication year - 2000
Publication title -
bulletin of economic research
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.227
H-Index - 29
eISSN - 1467-8586
pISSN - 0307-3378
DOI - 10.1111/1467-8586.00093
Subject(s) - economics , range (aeronautics) , mathematical economics , neoclassical economics , microeconomics , econometrics , composite material , materials science
This note disputes the claim by Sah and Stiglitz ( Rand Journal of Economics , 1987, pp. 98–108) that their strong invariance result holds in a wide range of situations.