Allocational efficiency with heterogeneous firms: Disentangling love of variety and market power

Benjamin Jung

Economics Letters, 2015, vol. 134, issue C, 141-143

Abstract: We analyze allocational efficiency and first-best industrial policy in monopolistic competition when love of variety is disentangled from market power and firms are heterogeneous.

Keywords: Allocational efficiency; Heterogeneous firms; Love of variety; Industrial policy (search for similar items in EconPapers)
JEL-codes: D61 L13 (search for similar items in EconPapers)
Date: 2015
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Citations: View citations in EconPapers (6)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:134:y:2015:i:c:p:141-143

DOI: 10.1016/j.econlet.2015.07.015

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