Showing 1 - 8 of 8
We propose a general model of monopolistic competition and derive a complete characterization of the market equilibrium using the concept of Relative Love for Variety. When the RLV increases with individual consumption, the market generates pro-competitive effects. When it decreases, the market...
Persistent link: https://www.econbiz.de/10009025332
the higher toughness of the market, the entry of big firms leads them to sell more through a market expansion eect, which … oligopolistic firms because the procompetitive effect associated with the entry of a big rm dominates the resulting decrease in …
Persistent link: https://www.econbiz.de/10008502026
Persistent link: https://www.econbiz.de/10001470435
Persistent link: https://www.econbiz.de/10001333556
Persistent link: https://www.econbiz.de/10001333597
Persistent link: https://www.econbiz.de/10001334093
Persistent link: https://www.econbiz.de/10001335828
Persistent link: https://www.econbiz.de/10001337804