Monopolistic competition, endogenous markups, and growth
نویسندگان
چکیده
منابع مشابه
The E¢ ciency Comparison of Taxes under Monopolistic Competition with Heterogenous Firms and Variable Markups
This paper compares the e¢ ciency implications of aggregate output equivalent unit versus advalorem tax regimes when monopolistically competitive rms produce di¤erentiated products with either homogenous or heterogenous costs. The model allows for rms to price at a variable markup over marginal cost. In line with most prior ndings the superiority of ad-valorem tax continues to hold when rms...
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Under what circumstances will a monopolistic competitive market be characterized by too little or too much quality variation? How do excise taxes affect the monopolistic competitive equilibrium? Can an increase in the minimum wage lead firms to employ more workers but cause a reduction in industry wide employment? What will be the multiplier effect of a balancedbudget increase in government tax...
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Since the publication of Chamberlin's book [The Theory of Monopolistic Competition (1933)], there has been sorne controversy about what is implied by adopting the Monopolistic Competition point of view [see for example Stigler (1968, p. 320) vs. Samuelson (1958)]. The first formal model of Monopolistic Competition is due to Spence (1976). He showed that if the utility function of the sole consu...
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b. The industry for individual-serving juice boxes is dominated by a few very large firms (for example, Minute Maid, Welch’s, and Kool Aid), and there are significant barriers to entry, in part because of the large costs (for example, advertising) involved in gaining any market share of the national market. Products are, however, differentiated—if perhaps only in the minds of consumers. Because...
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ژورنال
عنوان ژورنال: European Economic Review
سال: 1994
ISSN: 0014-2921
DOI: 10.1016/0014-2921(94)90110-4