Inequality, market power, and product diversity
AbstractWe analyze a macroeconomic model of monopolistic competition in which consumers earn unequal incomes. When preferences are non-homothetic, the distribution of income affects equilibrium mark-ups and equilibrium product diversity.
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Bibliographic InfoArticle provided by Elsevier in its journal Economics Letters.
Volume (Year): 82 (2004)
Issue (Month): 1 (January)
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Web page: http://www.elsevier.com/locate/ecolet
Other versions of this item:
- D30 - Microeconomics - - Distribution - - - General
- D42 - Microeconomics - - Market Structure and Pricing - - - Monopoly
- E25 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Aggregate Factor Income Distribution
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