From Local to Global Competition

Simon Anderson and André de Palma ()

No 1328, CEPR Discussion Papers from C.E.P.R. Discussion Papers

Abstract: We introduce a framework that has known models of oligopolistic competition with differentiated products (the circle and the constant elasticity of substitution (CES)) as limit cases. This integrative approach incorporates both localized and global competition, as well as price-sensitive individual demands. It is used to consider the qualitative impact of major changes over the last two centuries: reduction in transport costs, increased taste for variety, population growth, and use of technologies with greater returns to scale. We work out the properties of an extended Chamberlinian model that should be useful both in industrial organization and urban economics.

Keywords: CES; Global Competition; Localized Competition; Logit; Monopolistic Competition; Product Differentiation (search for similar items in EconPapers)
JEL-codes: D43 L13 (search for similar items in EconPapers)
Date: 1996-01
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Citations: View citations in EconPapers (2)

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Related works:
Journal Article: From local to global competition (2000)
Working Paper: From Local to Global Competition (1998)
Working Paper: From local to global competition (1997)
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