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Monopolistic competition without apology

Jacques Thisse and Philip Ushchev

Chapter 5 in Handbook of Game Theory and Industrial Organization, Volume I, 2018, pp 93-136 from Edward Elgar Publishing

Abstract: We provide a selective survey of what has been accomplished under the heading of monopolistic competition in industrial organization and other economic fields. Among other things, we argue that monopolistic competition is a market structure in its own right, which encompasses a much broader set-up than the celebrated constant elasticity of substitution (CES) model. Although oligopolistic and monopolistic competition compete for adherents within the economics profession, we show that this dichotomy is, to a large extend, unwarranted.

Keywords: Economics and Finance (search for similar items in EconPapers)
Date: 2018
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Citations: View citations in EconPapers (13)

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Working Paper: Monopolistic competition without apology (2016) Downloads
Working Paper: Monopolistic Competition Without Apology (2016) Downloads
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