This paper extends a Dixit-Stiglitz model of monopolistic competition to allow for technical heterogeneity amongst firms. The dispersion of firms' technical efficiency within the industry is generated ...
This paper shows that the welfare dominance of ad valorem over unit taxes under imperfect competition, extends to a Dixit-Stiglitz-type monopolistic competition framework with differentiated products, ...
Businesses don't operate in a vacuum; they are often influenced by external factors such as the state of the economy, shifting buyer trends and even natural disasters. There are infrastructures in ...
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