monopolistic competition


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Related to monopolistic competition: Pure competition

monopolistic competition

n
(Economics) economics the form of imperfect competition that exists when there are many producers or sellers of similar but differentiated goods or services
References in periodicals archive ?
The purpose of this project is to assess this question in the context of a numerically specified neoclassical growth model modified to include monopolistic competition.
Chapters cover: economic analysis; economic tools and economic systems; economic decision makers; demand, supply, and markets; elasticity of demand and supply; consumer choice and demand; production and cost in the firm; perfect competition; monopoly; monopolistic competition and oligopoly; resource markets; labor markets and labor unions; capital, interest, entrepreneurship, and corporate finance; transaction costs, imperfect information, and behavioral economics; economic regulation and antitrust policy; public goods and public choice; externalities and the environment; income distribution and poverty; international trade; international finance; and economic development.
He added that he believes -- due to the monopolistic competition they have -- airports can slack easier when it comes to customer service and quality.
A great deal of research in international trade uses the monopolistic competition model, introduced during the early 1980s by Paul Krugman, Elhanan Helpman, and others.
Matsuyama (1995) provides a survey of models of cumulative processes based on monopolistic competition.
This line of research of the New Economic Geography is based on a series of prior contributions such as: the monopolistic competition model of Dixit-Stiglitz (1977), which opened new perspectives in economic research; the "iceberg" model of transport costs of Samuelson (1952); the research on imperfect market structures and on the origins of international trade (Helpman & Krugman, 1985).
Their results reveal that banking markets of the industrialized countries are characterized by monopolistic competition and sometimes even perfect competition cannot be excluded.
The current mobile ecosystem is best understood in terms of the monopolistic competition model of interaction amongst consumers and producers (1).
They discuss the market in terms of the four types of market demand structures (competitive, monopolistic competition, oligopoly, monopoly) and identify implications for PURAC Enviro-Filters in terms of the use of the various marketing mix variables in the market under each type of competitive situation.
When the monopolist decides on his own price he will, however, take these other prices as given, hence the term monopolistic competition.
Currently, printer products' core technologies are mastered by HP, Epson, Canon, Samsung and Brother, other manufacturers are difficult to break through this monopoly, and monopolistic competition becomes the major development formation of China's printer market.
s linear model to foster tractability and de-emphasize the exclusive reliance on the basic C-P framework, as well as properties of Dixit and Stiglitz's monopolistic competition (the 'icebergs'), to mention but a few.