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different types of market structure, ranging from monopoly or oligopoly to monopolistic competition through new types of market … structure. In particular, we find conditions under which the free entry and exit of small firms incentivizes big firms to sell …
Persistent link: https://www.econbiz.de/10012945413
We provide a selective survey of what has been accomplished under the heading of monopolistic competition in industrial organization and other economic fields. Among other things, we argue that monopolistic competition is a market structure in its own right, which encompasses a much broader...
Persistent link: https://www.econbiz.de/10012988966
function to guarantee empirically relevant properties of a free-entry equilibrium. Comparative statics with respect to market …
Persistent link: https://www.econbiz.de/10013000823
We show that a wide class of demand systems for differentiated products, such as those generated by additive preferences, indirectly additive preferences, and Kimball-like homothetic preferences, can be given a multinomial logit foundation provided that the conditional indirect utility is...
Persistent link: https://www.econbiz.de/10012990100
Spatial economics aims to explain the location of economic activity. While the importance of the proximity to natural resources has declined considerably, distance and location have not disappeared from economic life. Recent work in spatial economics indicates that new forces, hitherto...
Persistent link: https://www.econbiz.de/10012951832