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The Monopolistic Competition Revolution in Retrospect

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  • Brakman,Steven
  • Heijdra,Ben J.

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Abstract

In 1977 a seminal paper was published by Avinash Dixit and Joseph Stiglitz that revolutionized the modeling of imperfectly competitive markets. It launched what might be called the second monopolistic competition revolution, which has been far more successful than the first one, initiated by Edward Chamberlin and Joan Robinson in the 1930s. In this 2003 collection of essays experts in the fields of macroeconomics, international trade theory, economic geography, and international growth theory address the question of why the second revolution was so successful. They also highlight what is missing, and look forward to the next step in the modeling of imperfectly competitive markets. The text includes a comprehensive survey of both monopolistic competition revolutions, and previously unpublished working papers by Dixit and Stiglitz that led to their famous 1977 paper. With contributions from Dixit, Ethier, Neary and Stiglitz amongst others, this collection will excite interest amongst researchers, advanced students and economists.

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Bibliographic Info

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This book is provided by Cambridge University Press in its series Cambridge Books with number 9780521819916 and published in 2003.

Order: http://www.cambridge.org/uk/catalogue/catalogue.asp?isbn=9780521819916
Handle: RePEc:cup:cbooks:9780521819916

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Web page: http://www.cambridge.org

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Cited by:
  1. Natalie Chen & Dennis Novy, 2009. "International Trade Integration: A Disaggregated Approach," CESifo Working Paper Series 2595, CESifo Group Munich.
  2. Erling Holm√ły, 2003. "Aggregate Industry Behaviour in a Monopolistic Competition Model with Heterogeneous Firms," Discussion Papers 352, Research Department of Statistics Norway.

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