Preferences, entry, and market structure.

We provide a unified approach to imperfect (monopolistic, Bertrand, and Cournot) competition when preferences are symmetric over a finite but endogenous number of goods. Markups depend on the Morishima elasticity of substitution and on the number of varieties. The comparative statics of free-entry e...

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Bibliographic Details

Published in:	RAND Journal of Economics (Wiley-Blackwell) Vol. 47; no. 4; pp. 792 - 822
Main Authors:	Bertoletti, Paolo, Etro, Federico
Format:	Article
Published:	Wiley-Blackwell Winter2016
Subjects:	Market entry Industrial productivity Economic competition Elasticity (Economics) Market design & structure (Economics)
Online Access:	View this record in EBSCOhost