Inequality, market power, and product diversity
We 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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Volume (Year): 82 (2004)
Issue (Month): 1 (January)
Pages: 139-145
| Handle: | RePEc:eee:ecolet:v:82:y:2004:i:1:p:139-145 |
| Contact details of provider: | Web page: http://www.elsevier.com/locate/ecolet
|
References listed on IDEAS
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The Warwick Economics Research Paper Series (TWERPS)
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