Monopolistic competition and income dispersion

We develop a model of monopolistic competition that accounts for consumers’ heterogeneity in both incomes and preferences. This model makes it possible to study the implications of income redistribution on the toughness of competition. We show how the market outcome depends on the joint distribution...

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Veröffentlicht in:	Economics letters 2014-02, Vol.122 (2), p.348-352
Hauptverfasser:	Osharin, Alexander, Thisse, Jacques-François, Ushchev, Philip, Verbus, Valery
Format:	Artikel
Sprache:	eng
Schlagworte:	Competition Economic theory Elasticity Heterogeneous consumers Income distribution Income elasticity Income redistribution Monopolistic competition Studies Toughness of competition
Online-Zugang:	Volltext
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