The monopolistic competition revolution in retrospect
Steven Brakman and
Ben Heijdra ()
No 200215, CCSO Working Papers from University of Groningen, CCSO Centre for Economic Research
In this paper we argue that there have been two monopolistic competition revolutions. The first was started by Joan Robinson and Edward Chamberlin in the 1930s but failed to have much impact on economic theory. The second was initiated by Avinash Dixit and Joseph Stiglitz in the early 1970s. Their revolution succeeded because it yielded an analytically tractable model of Chamberlinian monopolistic competition (the ``large group'' case). This model has been used in such diverse fields as international trade theory, economic geography, economic growth theory, and macroeconomics. Its popularity shows no sign of decline.
References: Add references at CitEc
Citations View citations in EconPapers (15) Track citations by RSS feed
Downloads: (external link)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:gro:rugccs:200215
Access Statistics for this paper
More papers in CCSO Working Papers from University of Groningen, CCSO Centre for Economic Research Contact information at EDIRC.
Series data maintained by Hanneke Tamling ().