Difference between revisions of "Dixit Stiglitz (1977) - Monopolistic Competition And Optimum Product Diversity"
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imported>Ed (New page: ==Reference(s)== *Dixit, A. and J. Stiglitz (1977), "Monopolistic competition and optimum product diversity", American Economic Review 67, 297-308. [http://www.edegan.com/pdfs/Dixit%20Stig...) |
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==Reference(s)== | ==Reference(s)== | ||
| − | *Dixit, A. and J. Stiglitz (1977), "Monopolistic competition and optimum product diversity", American Economic Review 67, 297-308. [http://www.edegan.com/pdfs/Dixit%20Stiglitz%20(1977)%20-%20Monopolistic%20competition%20and%20optimum%20product%20diversity.pdf pdf] | + | *Dixit, A. and J. Stiglitz (1977), "Monopolistic competition and optimum product diversity", American Economic Review 67, 297-308. [http://www.edegan.com/pdfs/Dixit%20Stiglitz%20(1977)%20-%20Monopolistic%20competition%20and%20optimum%20product%20diversity.pdf pdf] [http://www.edegan.com/repository/Dixit%20Stiglitz%20(1977)%20-%20Class%20Slides.pdf (Class Slides)] |
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==Abstract== | ==Abstract== | ||
The basic issue concerning production in welfare economics is whether a market solution will yield the socially optimum kinds and quantities of commodities. It is well known that problems can arise for three broad reasons: distributive justice; external effects; and scale economies. This paper is concerned with the last of these. | The basic issue concerning production in welfare economics is whether a market solution will yield the socially optimum kinds and quantities of commodities. It is well known that problems can arise for three broad reasons: distributive justice; external effects; and scale economies. This paper is concerned with the last of these. | ||
Revision as of 23:01, 4 April 2010
Reference(s)
- Dixit, A. and J. Stiglitz (1977), "Monopolistic competition and optimum product diversity", American Economic Review 67, 297-308. pdf (Class Slides)
Abstract
The basic issue concerning production in welfare economics is whether a market solution will yield the socially optimum kinds and quantities of commodities. It is well known that problems can arise for three broad reasons: distributive justice; external effects; and scale economies. This paper is concerned with the last of these.
