Citation

Discussion Paper Details

Please find the details for DP11449 in an easy to copy and paste format below:

Full Details   |   Bibliographic Reference

Full Details

Title: Monopolistic competition without apology

Author(s): Jacques-François Thisse and Philip Ushchev

Publication Date: August 2016

Keyword(s): monopolistic competition, oligopoly, product differentiation and the negligibility hypothesis

Programme Area(s): Industrial Organization

Abstract: We provide a selective survey of what has been accomplished under the heading of monopolistic competition in industrial organization and other economic fields. Among other things, we argue that monopolistic competition is a market structure in its own right, which encompasses a much broader set-up than the celebrated constant elasticity of substitution (CES) model. Although oligopolistic and monopolistic competition compete for adherents within the economics profession, we show that this dichotomy is, to a large extend, unwarranted.

For full details and related downloads, please visit: https://cepr.org/active/publications/discussion_papers/dp.php?dpno=11449

Bibliographic Reference

Thisse, J and Ushchev, P. 2016. 'Monopolistic competition without apology'. London, Centre for Economic Policy Research. https://cepr.org/active/publications/discussion_papers/dp.php?dpno=11449