Allocational Efficiency with Heterogeneous Firms: Disentangling Love of Variety and Market Power

Publication Type
Journal contribution (peer reviewed)
Authors
Jung, Benjamin
Year of publication
2015
Published in
Economics Letters
Band/Volume
134/
DOI
10.1016/j.econlet.2015.07.015
Abstract

We analyze allocational efficiency and first-best industrial policy in monopolistic competition when love of variety is disentangled from market power and firms are heterogeneous.

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