Abstract
Competition is a rivalry between individuals (or groups or nations), and it arises whenever two or more parties strive for something that all cannot obtain. Competition is therefore at least as old as man’s history, and Darwin (who borrowed the concept from economist Malthus) applied it to species as economists had applied it to human behaviour.
This chapter was originally published in The New Palgrave: A Dictionary of Economics, 1st edition, 1987. Edited by John Eatwell, Murray Milgate and Peter Newman
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Stigler, G.J. (1987). Competition. In: The New Palgrave Dictionary of Economics. Palgrave Macmillan, London. https://doi.org/10.1057/978-1-349-95121-5_524-1
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DOI: https://doi.org/10.1057/978-1-349-95121-5_524-1
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Chapter history
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Latest
Competition- Published:
- 21 March 2017
DOI: https://doi.org/10.1057/978-1-349-95121-5_524-2
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Original
Competition- Published:
- 18 October 2016
DOI: https://doi.org/10.1057/978-1-349-95121-5_524-1