Inequality, Market Power, and Product Diversity

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Auteur(s)

Foellmi, Reto
Reto Föllmi

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Description

We analyze a macroeconomic model of monopolistic competition in which consumers earn unequal incomes. When preferences are nonhomothetic, the distribution of income affects equilibrium markups and equilibrium product diversity.

Sujets

Sciences economiques > Commerce international

Institution partenaire

Université de St-Gall - Schools of Management

Langue

Deutsch

Date

2004

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