Monopolistic Competition Revolution in Retrospect (eBook, PDF)

Redaktion: Brakman, Steven

• Format: PDF

Produktbeschreibung

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 The text includes a comprehensive survey of both monopolistic competition revolutions, and previously unpublished working papers by Dixit and Stiglitz that led to their famous 1977 paper.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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Produktdetails

• Verlag: Cambridge University Press
• Erscheinungstermin: 5. Januar 2001
• Englisch
• ISBN-13: 9780511055317
• Artikelnr.: 38200973

Inhaltsangabe

List of contributors; Preface; 1. Introduction Steven Brakman and Ben J.
Heijdra; Part I. Underground Classics: 2. Monopolistic competition and the
capital market Joseph E. Stiglitz; 3. Monopolistic competition and optimum
product diversity (May 1974) Avinash K. Dixit and Joseph E. Stiglitz; 4.
Monopolistic competition and optimum product diversity (February 1975)
Avinash K. Dixit and Joseph E. Stiglitz; Part II. Current Perspectives: 5.
Some reflections on theories and applications of monopolistic competition
Avinash K. Dixit; 6. Reflections on the state of the theory of monopolistic
competition Joseph E. Stiglitz; 7. Dixit-Stiglitz, trade and growth Wilfred
J. Ethier; Part III. International Trade: 8. Monopolistic competition and
international trade theory J. Peter Neary; 9. Monopolistically competitive
provision of inputs: a geometric approach to the general equilibrium Joseph
Francois and Douglas Nelson; Part IV. Economic Geography: 10. The
core-periphery model: key features and effects Richard E. Baldwin, Rikard
Forslid, Philippe Martin, Gianmarco I. P. Ottaviano and Frederic
Robert-Nicoud; 11. Globalisation, wages and unemployment: a new economic
geography perspective Jolanda J. W. Peeters and Harry Garretsen; 12.
Empirical research in geographical economics Steven Brakman, Harry
Garretsen, Charles van Marrewijk and Marc Schramm; 13. The monopolistic
competition model in urban economic geography J. Vernon Henderson; Part V.
Economic Growth: 14. Monopolistic competition and economic growth Sjak
Smulders and Theo van de Klundert; 15. Convergence and the welfare gains of
capital mobility in a dynamic Dixit-Stiglitz world Sjak Smulders; 16. A
vintage model of technology diffusion: the effects of returns to diversity
and learning-by-using Henri L. F. de Groot, Marjan W. Hofkes and Peter
Mulder; Part VI. Macroeconomics: 17. Monopolistic competition and
macroeconomics: theory and quantitative implications Russell W. Cooper; 18.
Does competition make firms enterprising or defensive? Jan Boone; 19.
Rationalisation and specialisation in start-up investment Christian
Keuschnigg; 20. Industrial policy in a small open economy Leon J. H.
Bettendorf and Ben J. Heijdra; Index.