Abstract : We show that the long-term properties of price and cost in Chamberlin's (1933) monopolistic competition model can be reproduced with a soft-capacity constrained price competition oligopoly model for a homogeneous good with free entry.
https://halshs.archives-ouvertes.fr/halshs-03378500 Contributor : Nicolas DrouhinConnect in order to contact the contributor Submitted on : Thursday, October 14, 2021 - 4:15:25 PM Last modification on : Wednesday, May 11, 2022 - 11:42:01 AM Long-term archiving on: : Saturday, January 15, 2022 - 7:23:47 PM
Marie-Laure Cabon-Dhersin, Nicolas Drouhin. Chamberlin without differentiation: Soft-capacity constrained price competition with free entry. International Journal of Economic Theory, Wiley, In press, ⟨10.1111/ijet.12339⟩. ⟨halshs-03378500⟩