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Product Differentiation and Welfare Economics

Alex Hunter

The Quarterly Journal of Economics, 1955, vol. 69, issue 4, 533-552

Abstract: I. Introduction: the inadequacy of welfare economics in the field of imperfect and monopolistic competition; the nature of product differentiation, 533. — II. Product differentiation as an element in welfare policy, 535. — III. A contradiction in Hicks's analysis, 538. — IV. Kahn's dependence on indivisibilities, 541. — V. Two types of "imperfection" distinguished, 546. — VI. Conclusions, 551.

Date: 1955
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The Quarterly Journal of Economics is currently edited by Robert J. Barro, Lawrence F. Katz, Nathan Nunn, Andrei Shleifer and Stefanie Stantcheva

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