Quantifying the Gap between Equilibrium and Optimum Under Monopolistic Competition
Author
Abstract
Suggested Citation
Download full text from publisher
Other versions of this item:
- Kristian Behrens & Giordano Mion & Yasusada Murata & Jens Suedekum, 2020. "Quantifying the Gap Between Equilibrium and Optimum under Monopolistic Competition," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 135(4), pages 2299-2360.
References listed on IDEAS
- Andrew B. Abel & N. Gregory Mankiw & Lawrence H. Summers & Richard J. Zeckhauser, 1989.
"Assessing Dynamic Efficiency: Theory and Evidence,"
The Review of Economic Studies, Review of Economic Studies Ltd, vol. 56(1), pages 1-19.
- Andrew Abel & Gregory N. Mankiw & Lawrence H. Summers & Richard Zeckhauser, "undated". "Assessing Dynamic Efficiency: Theory and Evidence," Rodney L. White Center for Financial Research Working Papers 14-88, Wharton School Rodney L. White Center for Financial Research.
- Andrew B. Abel & N. Gregory Mankiw & Lawrence H. Summers & Richard J. Zeckhauser, 1986. "Assessing Dynamic Efficiency: Theory and Evidence," NBER Working Papers 2097, National Bureau of Economic Research, Inc.
- Epifani, Paolo & Gancia, Gino, 2011.
"Trade, markup heterogeneity and misallocations,"
Journal of International Economics, Elsevier, vol. 83(1), pages 1-13, January.
- Paolo Epifani & Gino Gancia, 2007. "Trade, markup heterogeneity and misallocations," Economics Working Papers 1037, Department of Economics and Business, Universitat Pompeu Fabra.
- Paolo Epifani & Gino Gancia, 2009. "Trade, Markup Heterogeneity and Misallocations," KITeS Working Papers 005, KITeS, Centre for Knowledge, Internationalization and Technology Studies, Universita' Bocconi, Milano, Italy, revised Apr 2009.
- Gancia, Gino & Epifani, Paolo, 2009. "Trade, Markup Heterogeneity and Misallocations," CEPR Discussion Papers 7217, C.E.P.R. Discussion Papers.
- Paolo Epifani & Gino Gancia, 2010. "Trade, markup heterogeneity and misallocations," IEW - Working Papers 469, Institute for Empirical Research in Economics - University of Zurich.
- Parenti, Mathieu & Ushchev, Philip & Thisse, Jacques-François, 2017.
"Toward a theory of monopolistic competition,"
Journal of Economic Theory, Elsevier, vol. 167(C), pages 86-115.
- PARENTI, Mathieu & USHCHEV, Philip & THISSE, Jacques-François, 2014. "Toward a theory of monopolistic competition," LIDAM Discussion Papers CORE 2014046, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
- Mathieu PARENTI & Philip USHCHEV & Jacques-François THISSE, 2017. "Toward a Theory of Monopolistic Competition," LIDAM Reprints CORE 2764, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
- Mathieu Parenti & Philip Ushchev & Jacques-Francois Thisse, 2016. "Toward a Theory of Monopolistic Competition," HSE Working papers WP BRP 121/EC/2016, National Research University Higher School of Economics.
- Parenti, M. & Ushchev, P. & Thisse, J.-F., 2015. "Toward a theory of monopolistic competition," LIDAM Discussion Papers CORE 2015012, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
- Philip Ushchev & Mathieu Parenti & Jacques-Francois Thisse, 2014. "Toward a theory of monopolistic competition," ERSA conference papers ersa14p1287, European Regional Science Association.
- Thisse, Jacques-François & Parenti, Mathieu & Ushchev, Philip, 2014. "Toward a theory of monopolistic competition," CEPR Discussion Papers 10014, C.E.P.R. Discussion Papers.
- Mathieu Parenti & Filipp Ushchev & Jacques-François Thisse, 2017. "Toward a theory of monopolistic competition," ULB Institutional Repository 2013/239833, ULB -- Universite Libre de Bruxelles.
- Antonella Nocco & Gianmarco I. P. Ottaviano & Matteo Salto, 2014. "Monopolistic Competition and Optimum Product Selection," American Economic Review, American Economic Association, vol. 104(5), pages 304-309, May.
- Monika Mrázová & J. Peter Neary, 2017.
"Not So Demanding: Demand Structure and Firm Behavior,"
American Economic Review, American Economic Association, vol. 107(12), pages 3835-3874, December.
- Neary, Peter & Mrázová, Monika, 2016. "Not So Demanding: Demand Structure and Firm Behavior," CEPR Discussion Papers 11119, C.E.P.R. Discussion Papers.
- E. Glen Weyl & Michal Fabinger, 2013. "Pass-Through as an Economic Tool: Principles of Incidence under Imperfect Competition," Journal of Political Economy, University of Chicago Press, vol. 121(3), pages 528-583.
- Marc J. Melitz, 2003.
"The Impact of Trade on Intra-Industry Reallocations and Aggregate Industry Productivity,"
Econometrica, Econometric Society, vol. 71(6), pages 1695-1725, November.
- Mark J. Melitz, 2002. "The Impact of Trade on Intra-Industry Reallocations and Aggregate Industry Productivity," NBER Working Papers 8881, National Bureau of Economic Research, Inc.
- Melitz, Marc J, 2002. "The Impact of Trade on Intra-Industry Reallocations and Aggregate Industry Productivity," CEPR Discussion Papers 3381, C.E.P.R. Discussion Papers.
- Behrens, Kristian & Murata, Yasusada, 2007. "General equilibrium models of monopolistic competition: A new approach," Journal of Economic Theory, Elsevier, vol. 136(1), pages 776-787, September.
- N. Gregory Mankiw & Michael D. Whinston, 1986. "Free Entry and Social Inefficiency," RAND Journal of Economics, The RAND Corporation, vol. 17(1), pages 48-58, Spring.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Kristian Behrens & Giordano Mion & Yasusada Murata & Jens Südekum, 2016.
"Distorted monopolistic competition,"
CEP Discussion Papers
dp1457, Centre for Economic Performance, LSE.
- Behrens, Kristian & Mion, Giordano & Murata, Yasusada & Suedekum, Jens, 2016. "Distorted monopolistic competition," VfS Annual Conference 2016 (Augsburg): Demographic Change 145484, Verein für Socialpolitik / German Economic Association.
- Behrens, Kristian & Mion, Giordano & Südekum, Jens & Murata, Yasusada, 2016. "Distorted monopolistic competition," CEPR Discussion Papers 11642, C.E.P.R. Discussion Papers.
- Behrens, Kristian & Mion, Giordano & Murata, Yasusada & Suedekum, Jens, 2016. "Distorted monopolistic competition," LSE Research Online Documents on Economics 69034, London School of Economics and Political Science, LSE Library.
- Behrens, Kristian & Mion, Giordano & Murata, Yasusada & Suedekum, Jens, 2016. "Distorted monopolistic competition," DICE Discussion Papers 237, Heinrich Heine University Düsseldorf, Düsseldorf Institute for Competition Economics (DICE).
- Mrázová, Monika & Neary, J. Peter, 2020.
"IO for exports(s),"
International Journal of Industrial Organization, Elsevier, vol. 70(C).
- Mrázová, Monika & Neary, Peter, 2019. "IO for Export(s)," CEPR Discussion Papers 14133, C.E.P.R. Discussion Papers.
- Peter Neary & Monika Mrázová, 2019. "Io For Export(S)," Economics Series Working Papers 868, University of Oxford, Department of Economics.
- Monika Mrázová & J. Peter Neary, 2019. "IO for Export(s)," CESifo Working Paper Series 7966, CESifo.
- Kristian Behrens & Sergei Kichko & Philip Ushchev, 2024.
"ε‐ces preferences and trade,"
Review of International Economics, Wiley Blackwell, vol. 32(4), pages 1567-1586, September.
- Kristian Behrens & Sergei Kichko & Filipp Ushchev, 2024. "ε-ces preferences and trade," ULB Institutional Repository 2013/387756, ULB -- Universite Libre de Bruxelles.
- Behrens, Kristian & Murata, Yasusada, 2012.
"Trade, competition, and efficiency,"
Journal of International Economics, Elsevier, vol. 87(1), pages 1-17.
- Kristian Behrens & Yasusada Murata, 2009. "Trade, Competition, and Efficiency," Cahiers de recherche 0940, CIRPEE.
- Heiland, Inga & Kohler, Wilhelm, 2022.
"Heterogeneous workers, trade, and migration,"
European Economic Review, Elsevier, vol. 144(C).
- Inga Heiland & Wilhelm Kohler, 2013. "Heterogeneous Workers, Trade, and Migration," CESifo Working Paper Series 4387, CESifo.
- Inga Heiland & Wilhelm Kohler, 2018. "Heterogeneous Workers, Trade, and Migration," CESifo Working Paper Series 7355, CESifo.
- Nocco, Antonella & Ottaviano, Gianmarco I.P. & Salto, Matteo, 2019.
"Geography, competition, and optimal multilateral trade policy,"
Journal of International Economics, Elsevier, vol. 120(C), pages 145-161.
- Ottaviano, Gianmarco & Nocco, Antonella & salto, matteo, 2019. "Geography, Competition, and Optimal Multilateral Trade Policy," CEPR Discussion Papers 13584, C.E.P.R. Discussion Papers.
- Antonella Nocco & Gianmarco I.P. Ottaviano & Matteo Salto, 2019. "Geography, Competition, and Optimal Multilateral Trade Policy," Development Working Papers 446, Centro Studi Luca d'Agliano, University of Milano.
- Antonella Nocco & Gianmarco I. P. Ottaviano & Matteo Salto, 2019. "Geography, competition and optimal multilateral trade policy," CEP Discussion Papers dp1610, Centre for Economic Performance, LSE.
- Antonella Nocco & Gianmarco Ottaviano & Matteo Salto, 2019. "Geography, Competition, and Optimal Multilateral Trade Policy," BAFFI CAREFIN Working Papers 19109, BAFFI CAREFIN, Centre for Applied Research on International Markets Banking Finance and Regulation, Universita' Bocconi, Milano, Italy.
- Nocco, Antonella & Ottaviano, Gianmarco I. P. & Salto, Matteo, 2019. "Geography, competition and optimal multilateral trade policy," LSE Research Online Documents on Economics 102632, London School of Economics and Political Science, LSE Library.
- Louis Kaplow, 2019. "Market Power and Income Taxation," NBER Working Papers 25578, National Bureau of Economic Research, Inc.
- Kristian Behrens & Sergey Kichko & Philip Ushchev & Sergei Kichko, 2018. "Intersectoral Markup Divergence," CESifo Working Paper Series 6965, CESifo.
- Monika Mrázová & J. Peter Neary, 2017.
"Not So Demanding: Demand Structure and Firm Behavior,"
American Economic Review, American Economic Association, vol. 107(12), pages 3835-3874, December.
- Neary, Peter & Mrázová, Monika, 2016. "Not So Demanding: Demand Structure and Firm Behavior," CEPR Discussion Papers 11119, C.E.P.R. Discussion Papers.
- Chen, Natalie & Juvenal, Luciana, 2022.
"Markups, quality, and trade costs,"
Journal of International Economics, Elsevier, vol. 137(C).
- Chen, Natalie & Juvenal, Luciana, 2019. "Markups, Quality, and Trade Costs," CAGE Online Working Paper Series 446, Competitive Advantage in the Global Economy (CAGE).
- Natalie Chen & Luciana Juvenal, 2020. "Markups, Quality, and Trade Costs," IMF Working Papers 2020/036, International Monetary Fund.
- Chen, Natalie & Juvenal, Luciana, 2019. "Markups, Quality, and Trade Costs," CEPR Discussion Papers 14204, C.E.P.R. Discussion Papers.
- Natalie Chen & Luciana Juvenal, 2019. "Markups, Quality, and Trade Costs," CESifo Working Paper Series 8013, CESifo.
- Chen, Natalie & Juvenal, Luciana, 2019. "Markups, Quality, and Trade Costs," The Warwick Economics Research Paper Series (TWERPS) 1233, University of Warwick, Department of Economics.
- Bonfiglioli, Alessandra & Crinò, Rosario & Gancia, Gino, 2025.
"Firms and economic performance: A view from trade,"
European Economic Review, Elsevier, vol. 172(C).
- Alessandra Bonfiglioli & Rosario Crinò & Gino Gancia, 2018. "Firms and Economic Performance: A View from Trade," Working Papers 876, Queen Mary University of London, School of Economics and Finance.
- Rosario Crinò & Gino Gancia & Alessandra Bonfiglioli, 2018. "Firms and Economic Performance: A View from Trade," Working Papers 1034, Barcelona School of Economics.
- Gancia, Gino & Bonfiglioli, Alessandra & Crinò, Rosario, 2018. "Firms and Economic Performance: A View from Trade," CEPR Discussion Papers 12829, C.E.P.R. Discussion Papers.
- Alessandra Bonfiglioli & Rosario Crinò & Gino Gancia, 2018. "Firms and economic performance: A view from trade," Economics Working Papers 1604, Department of Economics and Business, Universitat Pompeu Fabra, revised Jul 2019.
- Alessandra Bonfiglioli & Rosario Crinò & Gino Gancia, 2019. "Firms and Economic Performance: A View from Trade," CESifo Working Paper Series 7444, CESifo.
- Kenji Fujiwara, 2018. "The Effects of Entry under the Coexistence of Oligopolistic and Monopolistic Competition," Discussion Paper Series 174, School of Economics, Kwansei Gakuin University, revised Feb 2018.
- Cole, Matthew T. & Eckel, Carsten, 2018.
"Tariffs and markups in retailing,"
Journal of International Economics, Elsevier, vol. 113(C), pages 139-153.
- Matthew T. Cole & Carsten Eckel, 2016. "Tariffs and Markups in Retailing," Working Papers 1604, California Polytechnic State University, Department of Economics.
- Fujiwara Kenji, 2020. "The Effects of Entry when Monopolistic Competition and Oligopoly Coexist," The B.E. Journal of Theoretical Economics, De Gruyter, vol. 20(2), pages 1-11, June.
- Rui Pan & Dao‐Zhi Zeng, 2024. "Goods market desirability of minimum wages," Economica, London School of Economics and Political Science, vol. 91(364), pages 1255-1290, October.
- Parenti, Mathieu & Ushchev, Philip & Thisse, Jacques-François, 2017.
"Toward a theory of monopolistic competition,"
Journal of Economic Theory, Elsevier, vol. 167(C), pages 86-115.
- PARENTI, Mathieu & USHCHEV, Philip & THISSE, Jacques-François, 2014. "Toward a theory of monopolistic competition," LIDAM Discussion Papers CORE 2014046, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
- Mathieu PARENTI & Philip USHCHEV & Jacques-François THISSE, 2017. "Toward a Theory of Monopolistic Competition," LIDAM Reprints CORE 2764, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
- Mathieu Parenti & Philip Ushchev & Jacques-Francois Thisse, 2016. "Toward a Theory of Monopolistic Competition," HSE Working papers WP BRP 121/EC/2016, National Research University Higher School of Economics.
- Parenti, M. & Ushchev, P. & Thisse, J.-F., 2015. "Toward a theory of monopolistic competition," LIDAM Discussion Papers CORE 2015012, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
- Philip Ushchev & Mathieu Parenti & Jacques-Francois Thisse, 2014. "Toward a theory of monopolistic competition," ERSA conference papers ersa14p1287, European Regional Science Association.
- Thisse, Jacques-François & Parenti, Mathieu & Ushchev, Philip, 2014. "Toward a theory of monopolistic competition," CEPR Discussion Papers 10014, C.E.P.R. Discussion Papers.
- Mathieu Parenti & Filipp Ushchev & Jacques-François Thisse, 2017. "Toward a theory of monopolistic competition," ULB Institutional Repository 2013/239833, ULB -- Universite Libre de Bruxelles.
- Sergey Kokovin & Alina Ozhegova & Shamil Sharapudinov & Alexander Tarasov & Philip Ushchev, 2024.
"A Theory of Monopolistic Competition with Horizontally Heterogeneous Consumers,"
American Economic Journal: Microeconomics, American Economic Association, vol. 16(2), pages 354-384, May.
- Sergey G. Kokovin & Shamil Sharapudinov & Alexander Tarasov & Philip Ushchev, 2020. "A Theory of Monopolistic Competition with Horizontally Heterogeneous Consumers," CESifo Working Paper Series 8082, CESifo.
- Sergey Kokovin & Alina Ozhegova & Shamil Sharapudinov & Alexander Tarasov & Philip Ushchev & Sergey G. Kokovin, 2023. "A Theory of Monopolistic Competition with Horizontally Heterogeneous Consumers," CESifo Working Paper Series 10263, CESifo.
- Fally, Thibault, 2022.
"Generalized separability and integrability: Consumer demand with a price aggregator,"
Journal of Economic Theory, Elsevier, vol. 203(C).
- Thibault Fally, 2022. "Generalized Separability and Integrability: Consumer Demand with a Price Aggregator," NBER Working Papers 29997, National Bureau of Economic Research, Inc.
- Fally, Thibault, 2022. "Generalized Separability and Integrability: Consumer Demand with a Price Aggregator," CEPR Discussion Papers 17249, C.E.P.R. Discussion Papers.
- Nocco, Antonella & Ottaviano, Gianmarco I.P. & Salto, Matteo, 2017.
"Monopolistic competition and optimum product selection: Why and how heterogeneity matters,"
Research in Economics, Elsevier, vol. 71(4), pages 704-717.
- Nocco, Antonella & Ottaviano, Gianmarco I. P. & Salto, Matteo, 2013. "Monopolistic competition and optimum product selection: why and how heterogeneity matters," LSE Research Online Documents on Economics 51541, London School of Economics and Political Science, LSE Library.
- Nocco, Antonella & Ottaviano, Gianmarco I. P. & Salto, Matteo, 2017. "Monopolistic competition and optimum product selection: why and how heterogeneity matters," LSE Research Online Documents on Economics 83567, London School of Economics and Political Science, LSE Library.
- Ottaviano, Gianmarco & salto, matteo & Nocco, Antonella, 2013. "Monopolistic Competition and Optimum Product Selection: Why and how heterogeneity matters," CEPR Discussion Papers 9417, C.E.P.R. Discussion Papers.
- Antonella Nocco & Gianmarco I. P. Ottaviano & Matteo Salto, 2013. "Monopolistic Competition and Optimum Product Selection: Why and How Heterogeneity Matters," CEP Discussion Papers dp1206, Centre for Economic Performance, LSE.
- Crinò, Rosario & Bonfiglioli, Alessandra & Gancia, Gino, 2021.
"International Trade with Heterogeneous Firms: Theory and Evidence,"
CEPR Discussion Papers
16249, C.E.P.R. Discussion Papers.
- Alessandra Bonfiglioli & Rosario Crinò & Gino Gancia, 2021. "International Trade with Heterogeneous Firms: Theory and Evidence," CESifo Working Paper Series 9423, CESifo.
More about this item
Keywords
; ; ; ; ;JEL classification:
- D43 - Microeconomics - - Market Structure, Pricing, and Design - - - Oligopoly and Other Forms of Market Imperfection
- D50 - Microeconomics - - General Equilibrium and Disequilibrium - - - General
- L13 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Oligopoly and Other Imperfect Markets
NEP fields
This paper has been announced in the following NEP Reports:- NEP-BEC-2018-04-02 (Business Economics)
- NEP-COM-2018-04-02 (Industrial Competition)
- NEP-IND-2018-04-02 (Industrial Organization)
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:hig:wpaper:185/ec/2018. See general information about how to correct material in RePEc.
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 CitEc recognized a bibliographic reference but did not link an item in RePEc 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 RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Shamil Abdulaev or Shamil Abdulaev (email available below). General contact details of provider: https://edirc.repec.org/data/hsecoru.html .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.