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- W2060852002 abstract "Many positive and normative results in models using the monopolistic competition framework of the Dixit-Stiglitz-Spence type depend on the value of an important parameter, the ‘taste for variety’. In these models, however, the taste for variety is linked in a close but arbitrary manner to the degree of market power of monopolistic competitors. In this paper we make a simple modification to the basic model, which clearly disentangles taste for variety and market power. We then show how this changes the usual comparisons between social optimum and market outcomes." @default.
- W2060852002 created "2016-06-24" @default.
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- W2060852002 date "1996-07-01" @default.
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- W2060852002 title "Taste for variety and optimum production patterns in monopolistic competition" @default.
- W2060852002 cites W1607403541 @default.
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- W2060852002 doi "https://doi.org/10.1016/0165-1765(96)00834-8" @default.
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