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Monopolistic Competition and Optimum Product Diversity: Comment.

In their article "Monopolistic Competition and Optimum Product Diversity," economists Avinash Dixit and Joseph Stiglitz studied whether under monopolistic competition there will be too many or too few products. They conclude that if the demand for each individual product in the industry is of consta...

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Published in:American Economic Review Vol. 69; no. 5; pp. 957 - 961
Main Author: Pettengill, John S.
Format: Article
Published: American Economic Association Dec79
Subjects:
Monopolistic competition
Demand function
Diversification in industry
Competition
Elasticity (Economics)
Economic demand
Manufactured products
Online Access:View this record in EBSCOhost