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Monopolistic Competition in General Equilibrium: Beyond the CES
Zhelobodko, Evgeny; Kokovin, Sergey; Parenti, Mathieu; … - Centre de Recherche en Économie Appliquée (CREA), … - 2011
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
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Competition Among the Big and the Small
Shimomura, Ken-Ichi; Thisse, Jacques-François - Centre de Recherche en Économie Appliquée (CREA), … - 2009
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
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Mergers in Fiscal Federalism
Breuillé, Marie-Laure; Zanaj, Skerdilajda - Centre de Recherche en Économie Appliquée (CREA), … - 2010
This paper analyzes mergers of regions in a two-tier setting with both horizontal and vertical tax competition. The … decreasing local tax rates. This Nash equilibrium with mergers is then compared with the Nash equilibrium with coalitions of …
Persistent link: https://www.econbiz.de/10008685477