Two Applications of Characteristics Theory

G. C. Archibald and B. Eaton ()

Chapter 12 in The Economics of Imperfect Competition and Employment, 1989, pp 409-436 from Palgrave Macmillan

Abstract: Abstract That there is at least some analogy between models of spatial and of monopolistic competition, or even that they are, in some fundamental sense, ‘the same’, has been commonly thought for many years. It was first suggested (to our knowledge) by Hotelling (1929); Chamberlin (see particularly (1957), pp.7, 23–4, 47–51, 124–9) appears to have regarded them as essentially the same; and many subsequent writers have presumed that a result obtained in one model would have a natural, if unspecified, twin in the other model. The purpose of the present paper is to investigate this presumption.

Keywords: Spatial Model; Level Surface; Characteristic Theory; Indifference Curve; Indirect Utility Function (search for similar items in EconPapers)
Date: 1989
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-08630-6_12

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DOI: 10.1007/978-1-349-08630-6_12

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