Proceedings of the 2025 10th International Conference on Financial Innovation and Economic Development (ICFIED 2025)

<Previous Article In Volume
Next Article In Volume>

Efficiency and Distribution in Perfect Competition Markets: An Analysis Based on the Marginal Productivity Theory

Authors
Sicong Pan1, *, Zihan Wang2, Yunhan Wang3, Qingyang Guan4, Zhenyan Zhao2, Fangyuan Zhao5
1Finance School, Harbin University of Commerce, Harbin, 150028, China
2School of Economics, Harbin University of Commerce, Harbin, 150028, China
3School of Accounting, Harbin University of Commerce, Harbin, 150028, China
4Management School, Harbin University of Commerce, Harbin, 150028, China
5College of Public Finance and Administration, Harbin University of Commerce, Harbin, 150028, China
*Corresponding author. Email: 1961344310@qq.com
Corresponding Author
Sicong Pan
Available Online 5 May 2025.
DOI
10.2991/978-94-6463-702-1_49How to use a DOI?
Keywords
Perfect Competition; Marginal Productivity; Economic Efficiency; Empirical Evidence
Abstract

This paper examines the efficiency and distribution in perfect competition markets through the lens of the Marginal Productivity Theory. It begins by outlining the theoretical framework of perfect competition and the foundational principles of the Marginal Productivity Theory. The study then highlighting the role of marginal productivity in determining factor rewards and overall market outcomes. The paper further applies the theory to derive key formulas and provides a detailed analysis of their implications. Empirical evidence and case studies are used to validate the theoretical findings. The paper also includes a comprehensive section on the visualization of market dynamics, presenting five key graphs that illustrate the core concepts discussed. Finally, the paper discusses the practical challenges to perfect competition and the implications of market failures on efficiency and distribution.

Copyright
© 2025 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Download article (PDF)

<Previous Article In Volume
Next Article In Volume>
Volume Title
Proceedings of the 2025 10th International Conference on Financial Innovation and Economic Development (ICFIED 2025)
Series
Advances in Economics, Business and Management Research
Publication Date
5 May 2025
ISBN
978-94-6463-702-1
ISSN
2352-5428
DOI
10.2991/978-94-6463-702-1_49How to use a DOI?
Copyright
© 2025 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Sicong Pan
AU  - Zihan Wang
AU  - Yunhan Wang
AU  - Qingyang Guan
AU  - Zhenyan Zhao
AU  - Fangyuan Zhao
PY  - 2025
DA  - 2025/05/05
TI  - Efficiency and Distribution in Perfect Competition Markets: An Analysis Based on the Marginal Productivity Theory
BT  - Proceedings of the 2025 10th International Conference on Financial Innovation and Economic Development (ICFIED 2025)
PB  - Atlantis Press
SP  - 462
EP  - 473
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-702-1_49
DO  - 10.2991/978-94-6463-702-1_49
ID  - Pan2025
ER  -