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Inequality, market power and product diversity


Foellmi, R; Zweimüller, J (2004). Inequality, market power and product diversity. Economics Letters, 82(1):139-145.

Abstract

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.

Abstract

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.

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Additional indexing

Item Type:Journal Article, refereed, original work
Communities & Collections:03 Faculty of Economics > Department of Economics
Dewey Decimal Classification:330 Economics
Scopus Subject Areas:Social Sciences & Humanities > Finance
Social Sciences & Humanities > Economics and Econometrics
Uncontrolled Keywords:Inequality, Mark-ups, Monopolistic competition
Language:English
Date:January 2004
Deposited On:11 Feb 2008 12:29
Last Modified:25 Feb 2020 10:11
Publisher:Elsevier
ISSN:0165-1765
OA Status:Green
Publisher DOI:https://doi.org/10.1016/j.econlet.2003.06.003

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