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Monopolistic Competition and Optimum Product Diversity: Reply.

Authors of the article say that economist John Pettengill's comment on their paper "Monopolistic Competition and Optimum Product Diversity" leads on to interesting issues, even though the substantive points he raises are invalid. Pettengill tests whether there is an excessive number of firms in a mo...

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Published in:American Economic Review Vol. 69; no. 5; pp. 961 - 964
Main Authors: Dixit, Avinash K., Stiglitz, Joseph E.
Format: Article
Published: American Economic Association Dec79
Subjects:
Monopolistic competition
Diversification in industry
Competition
Welfare economics
Demand function
Elasticity (Economics)
Consumers
Economic demand
Online Access:View this record in EBSCOhost