Ošarin, Aleksandr; Verbus, Valerij; Bakunina, Irina; … - In: Journal of economic structures : JES; the official … 9 (2020) 13, pp. 1-12
The paper develops a two-country monopolistic competition model of trade featuring country-specific consumer tastes. The accounting for heterogeneity in tastes is achieved by assuming different elasticities of substitution in the CES utility function for different country consumers. The proposed...
