Transfers, returns to scale, tied aid and monopolistic competition
نویسندگان
چکیده
منابع مشابه
Monopolistic Competition
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متن کاملMonopolistic Competition: Theory and Applications
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...
متن کاملMonopolistic Competition and Product Differentiation
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...
متن کاملThe indeterminacy of equilibrium city formation under monopolistic competition and increasing returns
We study the indeterminacy of equilibrium in the Fujita-Krugman (1995) model of city formation under monopolistic competition and increasing returns. Both the number and the locations of cities are endogenously determined. Assuming smooth transportation costs, we examine equilibria in city-economies where a nite number of cities form endogenously. For any positive integer K, the set of equilib...
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ژورنال
عنوان ژورنال: Journal of Development Economics
سال: 1995
ISSN: 0304-3878
DOI: 10.1016/0304-3878(95)00016-j