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The Monopolistic Competition Revolution in Retrospect

The Monopolistic Competition Revolution in Retrospect

Paperback

Business GeneralEconomics

ISBN10: 1107402433
ISBN13: 9781107402430
Publisher: Cambridge
Published: Jul 21 2011
Pages: 510
Weight: 1.63
Height: 1.14 Width: 6.00 Depth: 9.00
Language: English
Avinash Dixit and Joseph Stiglitz revolutionized the modelling of imperfectly competitive markets and launched the second monopolistic competition revolution. Experts in the areas of macroeconomics, international trade theory, economic geography, and international growth theory examine the success of the second revolution in this collection of papers. They reveal what appears to be missing and look forward to the next step in the modelling of imperfectly competitive markets. The text includes a comprehensive survey of the two monopolistic competition revolutions, and previously unpublished working papers by Dixit and Stiglitz that led to their famous 1977 paper.

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