Monopolistic Competition when Income Matters.
We analyse monopolistic competition when consumers have an indirect utility that is additively separable. This leads to markups depending on income (both in the short and long run) but not on the market size, which generates pricing to market, incomplete pass-through and pure gains from variety for...
| Publicado en: | Economic Journal Vol. 127; no. 603; pp. 1217 - 1244 |
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| Autores principales: | , |
| Formato: | Artículo |
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Oxford University Press / USA
Aug2017
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| Acceso en línea: | Ver este registro en EBSCOhost |
| fields | @attributes: recordID: 1 pdfLink: plink: https://search.ebscohost.com/login.aspx?direct=true&db=ssf&AN=124562992&site=ehost-live header: @attributes: shortDbName: ssf uiTerm: 124562992 longDbName: Social Sciences Full Text (H.W. Wilson) uiTag: AN controlInfo: bkinfo: jinfo: jid: 00130133 EJN jtl: Economic Journal issn: 00130133 maglogo: N pubinfo: dt: Aug2017 vid: 127 iid: 603 pid: 622 pub: Oxford University Press / USA artinfo: ui: 124562992 10.1111/ecoj.12329 ppf: 1217 ppct: 27 formats: tig: atl: Monopolistic Competition when Income Matters. aug: au: Bertoletti, Paolo Etro, Federico affil: University of Pavia Ca’ Foscari University of Venice su: Business cycles Macroeconomics Economic equilibrium Heterogeneity Consumer preferences sug: subj: Business cycles Macroeconomics Economic equilibrium Heterogeneity Consumer preferences ab: We analyse monopolistic competition when consumers have an indirect utility that is additively separable. This leads to markups depending on income (both in the short and long run) but not on the market size, which generates pricing to market, incomplete pass-through and pure gains from variety for countries that open up to trade. Firms' heterogeneity à la Melitz implies a Darwinian effect of consumers' spending on business creation and a Linderian effect on (endogenous) quality provision. We discuss extensions with an outside good and heterogenous agents, and offer simple and tractable specifications (linear or log-linear) of the demand functions. pubtype: Academic Journal doctype: Article src: R language: English refInfo: copyright: @attributes: flag: N holdings: @attributes: islocal: N |
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