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Verti-zontal differentiation in monopolistic competition
Di Comite, Francesco; Thisse, Jacques-François; … - 2011
The recent availability of trade data at a firm-product-country level calls for a new generation of models able to exploit the large variability detected across observations. By developing a model of monopolistic competition in which varieties enter preferences non-symmetrically, we show how...
Persistent link: https://www.econbiz.de/10011506736
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Consumer Loss Aversion and the Intensity of Competition
Karle, Heiko; Peitz, Martin - 2010
Consider a differentiated product market in which all consumers are fully informed about match value and price at the time they make their purchasing decision. Initially, consumers become informed about the prices of all products in the market but do not know the match values. Some consumers...
Persistent link: https://www.econbiz.de/10010333807
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Home market effects and the single-sector Melitz model
Felbermayr, Gabriel J.; Jung, Benjamin - 2011
general sampling distributions and if the conventional sorting condition fails. In terms of demand shares, a HME holds if … demand shocks are due to endowment shocks but reverses in the case of productivity shocks. Finally and in contrast to the …
Persistent link: https://www.econbiz.de/10010280839
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Kilpailukyvyn mittaamisen teoriaa ja käytäntöä
Rantala, Olavi - 2013
The study deals with the theory and measurement of competitiveness. The basic theory of firm implies that under constant returns to scale the unit cost of production can be used to measure the marginal cost of production and to model the impact of competitiveness on the market share of a firm....
Persistent link: https://www.econbiz.de/10012037635
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Economic Integration, Imperfect Competition, and International Policy Coordination
Holmlund, Bertil; Kolm, Ann-Sofie - 1999
The paper examines policy externalities between imperfectly competitive open economies where unemployment prevails in general equilibrium. We develop a two-country and two-sector model with monopolistic competition in the goods market and wage bargaining in the labor market. Policy externalities...
Persistent link: https://www.econbiz.de/10010321760
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Product Heterogeneity, Within-Industry Trade Patterns, and the Home Bias of Consumption?
Auer, Raphael - 2009
of demand for heterogeneous products. The model features products with heterogeneous attributes and consumers with ….e., that high domestic demand for an attribute leads to entry of firms producing a fitting output and, consequently, net …
Persistent link: https://www.econbiz.de/10011430069
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Product Heterogeneity, Cross-Country Taste Differences, and the Consumption Home Bias
Auer, Raphael A. - 2013
trade volume to liberalization as it took time for each country's industry structure to adapt to the demand structure of the … common market. To rationalize such trade patterns, a structural model of demand featuring consumers with homothetic … domestic demand, implying that domestic firms leave the market segments the foreign industry specializes in. This increasing …
Persistent link: https://www.econbiz.de/10011430098
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Trade Liberalization and Welfare Inequality: a Demand-Based Approach
Tarasov, Alexander - 2010
There is strong evidence that different income groups consume different bundles of goods. This evidence suggests that trade liberalization can affect welfare inequality within a country via changes in the relative prices of goods consumed by different income groups (the price effect). In this...
Persistent link: https://www.econbiz.de/10010427561
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Coalition building in a spatial economy
Henkel, Joachim; Stahl, Konrad O.; Walz, Uwe - 1997
We analyze the possibility and consequences of coalition-formation amongst suppliers of retail services. We first provide a framework in which producers of Substitutes have an incentive to Cluster in market places in order to attract consumers dispersed in space. Owing to spatial externalities,...
Persistent link: https://www.econbiz.de/10010435513
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Endogenous Product Differentiation, Market Size and Prices
Ferguson, Shon - 2011
provides a demand-side explanation for this phenomenon when firms can choose how much to differentiate their products in a …
Persistent link: https://www.econbiz.de/10010320318