Taste for variety and optimum product diversity in an open economy

Javier Coto-Martínez; María D. C. García-Alonso; Paul Levine

We extend the Benassy (1996) 'taste for variety' model to an open economy setting. With the Benassy effect, the market equilibrium is inefficient, openness reduces the varieties provided in the unconstrained optimum and there are potential gains from international coordination. -- Taste for variety ; monopolistic competition ; Benassy effect ; open economy

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Year of publication:	20 Oct. 2005
Other Persons:	Coto-Martínez, Javier (contributor) ; García-Alonso, María del Carmen (contributor) ; Levine, Paul (contributor)
Publisher:	Canterbury : Univ. of Kent, Dep. of Economics
Subject:	Theorie \| Theory \| Produktdifferenzierung \| Product differentiation \| Diversifikation \| Diversification \| Offene Volkswirtschaft \| Open economy

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Extent:	Online-Ressource, 13 S., Text
Series:	Discussion papers / University of Kent, School of Economics. - Canterbury : [Verlag nicht ermittelbar], ZDB-ID 2196631-X. - Vol. 05,08
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Arbeitspapier ; Working Paper
Language:	English
Notes:	Systemvoraussetzung: Acrobat Reader
Other identifiers:	hdl:10419/68094 [Handle]
Classification:	D43 - Oligopoly and Other Forms of Market Imperfection ; F12 - Models of Trade with Imperfect Competition and Scale Economies
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10003156325