The Foundation of the Theory of Monopolistic Competition Revisited

It is shown why different price normalization rules influence oligopolistic equilibria in general equilibrium models. This is done for the Roberts and Sonnenschein duopoly and for a price duopoly in an exchange economy. Journal of Economic Literature Classification Numbers: D43, D51.

MoreLess

Year of publication:	1994
Authors:	Böhm, Volker
Subject:	Business and Economics

More details

Type of publication:	Article
Language:	English
Source:	BASE

Persistent link: https://www.econbiz.de/10009452602