Inequality, Market Power, and Product Diversity

Reto Foellmi () and Josef Zweimueller
Authors registered in the RePEc Author Service: Josef Zweimüller ()

No iewwp145, IEW - Working Papers from Institute for Empirical Research in Economics - IEW

Abstract: We analyze a macroeconomic model of monopolistic competition in which consumers earn unequal incomes. When preferences are non-homothetic, the distribution of income affects equilibrium mark-ups and equilibrium product diversity.

Keywords: inequality; mark-ups; monopolistic competition (search for similar items in EconPapers)
JEL-codes: D30 D42 E25 (search for similar items in EconPapers)
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Related works:
Journal Article: Inequality, market power, and product diversity (2004)
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Persistent link: http://EconPapers.repec.org/RePEc:zur:iewwpx:145

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