Results 261 to 270 of about 94,060 (287)
Some of the next articles are maybe not open access.
MONOPOLISTIC COMPETITION AND SEARCH UNEMPLOYMENT
Metroeconomica, 2005Summary: In this paper the monopolistic competition model of \textit{A. Dixit} and \textit{J. Stiglitz} [Am. Econ. rev. 67, No. 3, 297--308 (1977)] for the goods market and the search unemployment model of \textit{C. Pissarides} [Equilibrium unemployment theory. Basil Blackwell (1990)] are combined.
openaire +2 more sources
Generalized Monopolistic Competition
International Advances in Economic Research, 2006This paper models a generalized form of monopolistic competition such that consumers are differentiated horizontally by taste while firms are differentiated vertically by quality location. Consumers have quadratic transportation costs of disutility from consuming a non-ideal brand, and firms are able to locate their products along a linear ...
openaire +1 more source
Excess Capacity in Monopolistic Competition
Journal of Political Economy, 1970Will a monopolistic competitor operate at the minimum point of his average cost curve? Demsetz argues that this is possible (1959, 1964). In this paper Demsetz's argument is critically examined and then rejected in favor of a necessarily negative slope at equilibrium and, hence, "excess capacity" in that average cost is higher than marginal cost ...
openaire +1 more source
Monopolistic Competition Revisited
Economica, 1951The main part of this paper will be devoted to a reformulation of the theory of monopolistic competition. It might be regarded as an indication of how I should develop and present the theory if I were doing it all over again todayin I95I. The underlying principles remain the same; but the order of development in building up the structure is different ...
openaire +1 more source
Monopolistic Competition with Endogenous Specialization
The Review of Economic Studies, 1994In the familiar spatial model of monopolistic competition on the circle, a product is identified by a single locational characteristic representing its brand or variety. The ability of a variety to compete with other varieties a given distance away (its "specialization" as quantified by transportation losses or how rapidly the "melting iceberg" melts ...
openaire +1 more source
Monopolistic Competition and General Equilibrium
The Review of Economic Studies, 1961Traditional general equilibrium theory, as exemplified in Walras (1874–7) and Hicks (1939), was concerned only with perfect competition, though it was preceded by Cournot’s theory of oligopoly (1838), where perfect competition is only a limiting case of oligopoly. Walras (1874–7, p. 431) admitted that perfect competition is not the only possible system
openaire +1 more source