Results 261 to 270 of about 9,589 (303)

A Note on Equilibrium in Monopolistic Competition

Journal of Political Economy, 1974
Two major results obtained in Chamberlinian monopolistic competition are (a) in the long-run equilibrium the firm earns only normal profits; and (b) it has excess capacity, that is, the firm produces in the range of declining average costs. This paper emphasizes the importance of shortrun fixed cost of product differentiating, such as store location ...
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The Inconsistencies in Monopolistic Competition: A Reply

Journal of Political Economy, 1972
The controversy over the monopolist competition model has been rekindled by Profs. Yoram Barzel (1970) and Richard Schmalensee (1972), who have taken issue with the major conclusions of earlier work of mine. I accept Barzel's criticism that I did not adequately take into account varitions in product quality.
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Monopolistic Competition and General Equilibrium

The Review of Economic Studies, 1961
Traditional 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
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Monopolistic Competition

1987
Yoshihiko Otani, Mohamed El-Hodiri
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Monopolistic competition with investments in productivity

Optimization Letters, 2018
zbMATH Open Web Interface contents unavailable due to conflicting licenses.
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Excess Capacity in Monopolistic Competition

Journal of Political Economy, 1970
Will 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 ...
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Monopolistic Competition

2010
Graham Mallard, Stephen Glaister
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Monopolistic competition, as you like it

Economic Inquiry, 2022
Paolo Bertoletti, Federico Etro
exaly  

Monopolistic competition

Regional Science and Urban Economics, 1989
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Monopolistic Competition

2018
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