Rakotoarisoa, Manitra A.; Henneberry, Shida Rastegari; … - Agricultural and Applied Economics Association - AAEA - 2003
The theories of monopolistic competition and ¡°love for variety¡± contend that the differences in firms¡¯ prices and market shares arise from product differentiation, which is linked to firms¡¯ fixed costs. This paper reviews these theories and their implications for prices and market...