Statements (23)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
gptkb:economic_policy
|
| gptkbp:appliesTo |
industries
firms |
| gptkbp:category |
microeconomics
|
| gptkbp:form |
(P - MC) / P
|
| gptkbp:higher_value_indicates |
greater market power
|
| https://www.w3.org/2000/01/rdf-schema#label |
Lerner Index
|
| gptkbp:introducedIn |
1934
|
| gptkbp:lower_value_indicates |
less market power
|
| gptkbp:MC |
marginal cost
|
| gptkbp:measures |
market power
|
| gptkbp:namedAfter |
gptkb:Abba_Lerner
|
| gptkbp:PP |
price of the good
|
| gptkbp:publishedIn |
gptkb:Review_of_Economic_Studies
|
| gptkbp:range |
0 to 1
|
| gptkbp:relatedTo |
market structure
monopoly pricing price-cost margin |
| gptkbp:usedIn |
industrial organization
|
| gptkbp:value_0 |
perfect competition
|
| gptkbp:value_1 |
monopoly
|
| gptkbp:bfsParent |
gptkb:Abba_Lerner
|
| gptkbp:bfsLayer |
6
|