IDEAS home Printed from https://ideas.repec.org/
MyIDEAS: Login to save this paper or follow this series

Generalized Comparative Statics under Monopolistic Competition:Anti-competitive Paradox, Immiserizing Growth, Catastrophes

  • Kokovin Sergey

    ()

  • Zhelobodko Evgeniy

    ()

Several common wisdoms of economic geography and trade theories rely on specific technical assumptions, notably, CES utilities. Krugman’s (1979) general approach to monopolistic competition avoid this limitation, but has too narrow use. We expand it now to a family of multisector models and to additional effects of comparative statics. It turnes out that under market growth the price for varieties can go up or down, depending upon Arrow- Pratt measure of concavity of the utility function, does it decrease or increase. Welfare and number of firms also can increase or decrease. There can be asymmetric equilibria, multiple equilibria and related catastrophic shocks.

If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.

File URL: https://eercnetwork.com/default/download/creater/working_papers/file/d513814649773cae4f23177e2cdad5fef92873cf.pdf
Our checks indicate that this address may not be valid because: 404 Not Found. If this is indeed the case, please notify (Anton Pashchenko)


Download Restriction: no

Paper provided by EERC Research Network, Russia and CIS in its series EERC Working Paper Series with number 09/09e.

as
in new window

Length:
Date of creation: 06 Nov 2009
Date of revision:
Handle: RePEc:eer:wpalle:09/09e
Contact details of provider: Postal: EERC Research Network, Russia and CIS, 1, Mazepy Str., suite 202, Kyiv, 01010 Ukraine
Phone: +38(044)492-8012
Fax: +1(202)478-1968
Web page: http://www.eercnetwork.com

Order Information: Postal: EERC Research Network, Russia and CIS, 1, Mazepy Str., suite 202, Kyiv, 01010 Ukraine
Web: https://eercnetwork.com/paper Email:


No references listed on IDEAS
You can help add them by filling out this form.

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

When requesting a correction, please mention this item's handle: RePEc:eer:wpalle:09/09e. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Anton Pashchenko)

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

Please note that corrections may take a couple of weeks to filter through the various RePEc services.

This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.