This paper proposes a method for a multiproduct model decomposition of GDP components by expenditure which allows the use of several different price indices in the same model. The decomposition does not link the products to imports or exports, therefore, it imposes no restrictions on the...

We consider standard monopolistic competition models with aggregate consumer's preferences defined by two well-known classes of utility functions -- the Kimball utility function and the variable elasticity of substitution utility function. It is known that market equilibrium is efficient only...