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Two Applications of Characteristics Theory

In: The Economics of Imperfect Competition and Employment

Author

Listed:
  • G. C. Archibald
  • B. Curtis Eaton

Abstract

That there is at least some analogy between models of spatial and of monopolistic competition, or even that they are, in some fundamental sense, ‘the same’, has been commonly thought for many years. It was first suggested (to our knowledge) by Hotelling (1929); Chamberlin (see particularly (1957), pp.7, 23–4, 47–51, 124–9) appears to have regarded them as essentially the same; and many subsequent writers have presumed that a result obtained in one model would have a natural, if unspecified, twin in the other model. The purpose of the present paper is to investigate this presumption.

Suggested Citation

  • G. C. Archibald & B. Curtis Eaton, 1989. "Two Applications of Characteristics Theory," Palgrave Macmillan Books, in: George R. Feiwel (ed.), The Economics of Imperfect Competition and Employment, chapter 12, pages 409-436, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-08630-6_12
    DOI: 10.1007/978-1-349-08630-6_12
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    Cited by:

    1. Paul Windrum, 2003. "Unlocking a Lock-in: Towards a Model of Technological Succession," Chapters, in: Pier Paolo Saviotti (ed.), Applied Evolutionary Economics, chapter 11, Edward Elgar Publishing.
    2. Peitz, Martin, 1997. "Models a la Lancaster and a la Hotelling: when they are the same," Economics Letters, Elsevier, vol. 54(2), pages 147-154, February.
    3. Windrum, Paul & Birchenhall, Chris, 2002. "Technological diffusion, welfare and growth: technological succession in the presence of network externalities," Research Memorandum 038, Maastricht University, Maastricht Economic Research Institute on Innovation and Technology (MERIT).

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