| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP8752 |
| DP8752 Verti-zontal Differentiation in Monopolistic Competition | |
| Jacques-François Thisse; Hylke Vandenbussche; Francesco Di Comite | |
| 发表日期 | 2012 |
| 出版年 | 2012 |
| 语种 | 英语 |
| 摘要 | The pattern of trade observed from firm-product-country data calls for a new generation of models. To address the unexplained variation in the data, we propose a new model of monopolistic competition where varieties enter preferences non-symmetrically, capturing both horizontal and vertical differentiation in an unprecedented way. Together with a variable elasticity of substitution, competition effects, varying markups and prices across countries, this results in a tractable model that rationalizes the empirical finding that firm-product quantities show systematically more variability than prices across export destinations. Accounting for unexplained data variation, our model can thus be used to improve demand identification. |
| 主题 | International Trade and Regional Economics |
| 关键词 | Heterogenous firms Horizontal differentiation Vertical differentiation Monopolistic competition Non-symmetric varieties |
| URL | https://cepr.org/publications/dp8752 |
| 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/537588 |
| 推荐引用方式 GB/T 7714 | Jacques-François Thisse,Hylke Vandenbussche,Francesco Di Comite. DP8752 Verti-zontal Differentiation in Monopolistic Competition. 2012. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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