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, firms are price-makers and wage-setters. Our setting combines monopolistic and monopsonistic competition, thus encapsulating …
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We propose a general model of monopolistic competition which encompasses existing models while being flexible enough to … take into account new demand and competition features. Even though preferences need not be additive and/or homothetic, the …
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We combine spatial and monopolistic competition to study market interactions between downtown retailers and an outlying … competition eff_x001B_ect. Firms' profi_x001C_ts increase (decrease) with the entry of local competitors when the former (latter …
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exploit the large variability detected across observations. By developing a model of monopolistic competition in which … existing monopolistic competition models necessary to account for observed data patterns. …
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unexplained variation in the data, we propose a new model of monopolistic competition where varieties enter preferences non … substitution, competition effects, varying markups and prices across countries, this results in a tractable model whose predictions …
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