The Monopolistic Competition Revolution in Retrospect

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  • The Monopolistic Competition Revolution in Retrospect Book Detail

  • Author : Steven Brakman
  • Release Date : 2001-01-05
  • Publisher : Cambridge University Press
  • Genre : Business & Economics
  • Pages : 511
  • ISBN 13 : 1139438468
  • File Size : 81,81 MB

The Monopolistic Competition Revolution in Retrospect by Steven Brakman PDF Summary

Book Description: In 1977 Dixit and Stiglitz revolutionized the modeling of imperfectly competitive markets, launching the second monopolistic competition revolution. This 2003 text includes a comprehensive survey of both monopolistic competition revolutions, and previously unpublished working papers by Dixit and Stiglitz that led to their famous 1977 paper.

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In Defense of Monopoly offers an unconventional but empirically grounded argument in favor of market monopolies. Authors McKenzie and Lee claim that conventiona