Inequality, Market Power, and Product Diversity
Journal
Economics Letters
ISSN
0165-1765
ISSN-Digital
1873-7374
Type
journal article
Date Issued
2004-01-01
Author(s)
Abstract (De)
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.
Language
German
Keywords
Inequality
Markups
Monopolistic competition
HSG Classification
contribution to scientific community
Refereed
No
Publisher
Elsevier
Publisher place
Amsterdam
Volume
82
Number
1
Start page
139
End page
145
Pages
7
Subject(s)
Eprints ID
184826