A Theory of Monopolistic Competition with Horizontally Heterogeneous Consumers (Record no. 133398)

MARC details
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fixed length control field 01804nas a2200265Ia 4500
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022 ## - INTERNATIONAL STANDARD SERIAL NUMBER
International Standard Serial Number 1945-7669
100 ## - MAIN ENTRY--PERSONAL NAME
Personal name Ozhegova, Alina
9 (RLIN) 119237
100 ## - MAIN ENTRY--PERSONAL NAME
Personal name Sharapudinov, Shamil
9 (RLIN) 119238
100 ## - MAIN ENTRY--PERSONAL NAME
Personal name Tarasov, Alexander
9 (RLIN) 119239
100 ## - MAIN ENTRY--PERSONAL NAME
Personal name Ushchev, Philip
9 (RLIN) 119240
100 ## - MAIN ENTRY--PERSONAL NAME
Personal name Kokovin, Sergey
9 (RLIN) 119241
245 #2 - TITLE STATEMENT
Title A Theory of Monopolistic Competition with Horizontally Heterogeneous Consumers
260 ## - PUBLICATION, DISTRIBUTION, ETC.
Name of publisher, distributor, etc. American Economic Journal: Microeconomics
260 ## - PUBLICATION, DISTRIBUTION, ETC.
Date of publication, distribution, etc. 2024
300 ## - PHYSICAL DESCRIPTION
Extent 354-384
520 ## - SUMMARY, ETC.
Abstract Our novel approach to modeling monopolistic competition with heterogeneous firms and consumers involves spatial product differentiation, in either a geographical space or a space of characteristics. In addition to price, each firm chooses location in space. We formulate conditions for positive sorting—more-productive firms serve larger market segments and face tougher competition—and for existence and uniqueness of equilibrium. To quantify the role of sorting, we calibrate the model using haircut market data and perform counterfactual analysis. Inequality in gains among consumers caused by positive market shocks can be substantial: gains for consumers at more-populated locations are three to four times higher.
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name entry element Capital
9 (RLIN) 616
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name entry element Capital, Total Factor, and Multifactor Productivity
9 (RLIN) 119242
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name entry element Consumer Economics: Theory, Production
9 (RLIN) 119243
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Topical term or geographic name entry element Cost
9 (RLIN) 5117
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name entry element Capacity, Market Structure, Pricing, and Design: Oligopoly and Other Forms of Market Imperfection, Oligopoly and Other Imperfect Markets, Personal, Professional, and Business Services
9 (RLIN) 119244
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name entry element Economics
9 (RLIN) 2
856 ## - ELECTRONIC LOCATION AND ACCESS
Uniform Resource Identifier <a href="https://www.aeaweb.org/articles?id=10.1257/mic.20200453">https://www.aeaweb.org/articles?id=10.1257/mic.20200453</a>
999 ## - SYSTEM CONTROL NUMBERS (KOHA)
Koha biblionumber 133398
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        Dr VKRV Rao Library Dr VKRV Rao Library 28/06/2024 Vol. 16, No. 2   AI97 28/06/2024 28/06/2024 Article Index