Growth with Perfect and Monopolistic Competition
Wei-Bin Zhang
Chapter Chapter 13 in The General Economic Theory, 2020, pp 265-293 from Springer
Abstract:
Abstract This chapter integrates neoclassical growth theory of perfect competition and new growth theory of monopolistic competition. Monopolistic competition is an important form of markets in modern economies. Monopolistic competition is characterized by many producers who produce differentiated products. Theory of monopolistic competition is formed initially by Chamberlin in 1933. It has been applied to different issues of economics related to economic structures, growth, economic geography, international trade, and innovation and technological diffusion.
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-030-56204-5_13
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DOI: 10.1007/978-3-030-56204-5_13
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