| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP7947 |
| DP7947 Monopolistic Competition: Beyond the CES | |
| Jacques-François Thisse; Evgeny Zhelobodko; Sergey Kokovin | |
| 发表日期 | 2010-08-01 |
| 出版年 | 2010 |
| 语种 | 英语 |
| 摘要 | We propose a general model of monopolistic competition and derive a complete characterization of the market equilibrium based on an Arrow-Pratt measure of concavity of the utility, interpreted as the relative love for variety. When the relative love for variety increases with the consumption level, the market displays standard competitive effects. On the contrary, when it decreases, the equilibrium price increases with the number of firms and the market size, while the CES is the borderline case. Finally, we apply our setting to trade theory and uncover several new properties hindered by the CES, such as dumping and reverse dumping. |
| 主题 | Industrial Organization ; International Trade and Regional Economics |
| 关键词 | Monopolistic competition Relative love for variety Entry Trade |
| URL | https://cepr.org/publications/dp7947 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/536782 |
| 推荐引用方式 GB/T 7714 | Jacques-François Thisse,Evgeny Zhelobodko,Sergey Kokovin. DP7947 Monopolistic Competition: Beyond the CES. 2010. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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