Monopolistically competitive equilibria with differentiated commodities (Q1584677)
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scientific article; zbMATH DE number 1525335
| Language | Label | Description | Also known as |
|---|---|---|---|
| English | Monopolistically competitive equilibria with differentiated commodities |
scientific article; zbMATH DE number 1525335 |
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Monopolistically competitive equilibria with differentiated commodities (English)
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5 November 2000
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A general equilibrium model of monopolistic competition is studied. Two categories of commodities are considered: Consumption goods which are differentiated and the primary factor (labor) which is not. The subjective demand approach of Negishi (1961) is used. The existence of an equilibrium is proved under a suitable price normalization rule.
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monopolistic competition
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subjective demand
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product differentiation
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