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The Monopolistic Competition Revolution in Retrospect - Steven Brakman

The Monopolistic Competition Revolution in Retrospect

By: Steven Brakman (Editor), Ben J. Heijdra (Editor)


Published: 21st July 2011
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  • Hardcover View Product Published: 5th January 2001

In 1977 a seminal paper was published by Avinash Dixit and Joseph Stiglitz that revolutionized the modeling of imperfectly competitive markets. It launched what might be called the second monopolistic competition revolution, which has been far more successful than the first one, initiated by Edward Chamberlin and Joan Robinson in the 1930s. In this 2003 collection of essays experts in the fields of macroeconomics, international trade theory, economic geography, and international growth theory address the question of why the second revolution was so successful. They also highlight what is missing, and look forward to the next step in the modeling of imperfectly competitive markets. The text includes a comprehensive survey of both monopolistic competition revolutions, and previously unpublished working papers by Dixit and Stiglitz that led to their famous 1977 paper. With contributions from Dixit, Ethier, Neary and Stiglitz amongst others, this collection will excite interest amongst researchers, advanced students and economists.

Review of the hardback: '... an important book that should be read by all research economists and that will be of particular interest to those concerned with international trade. ... One cannot help being inspired by this volume.' Journal of International Economics

List of contributors
Underground Classics
Monopolistic competition and the capital market
Monopolistic competition and optimum product diversity (May 1974)
Monopolistic competition and optimum product diversity (February 1975)
Current Perspectives
Some reflections on theories and applications of monopolistic competition
Reflections on the state of the theory of monopolistic competition
Dixit-Stiglitz, trade and growth
International Trade
Monopolistic competition and international trade theory
Monopolistically competitive provision of inputs: a geometric approach to the general equilibrium
Economic Geography
The core-periphery model: key features and effects
Globalisation, wages and unemployment: a new economic geography perspective
Empirical research in geographical economics
The monopolistic competition model in urban economic geography
Economic Growth
Monopolistic competition and economic growth
Convergence and the welfare gains of capital mobility in a dynamic Dixit-Stiglitz world
A vintage model of technology diffusion: the effects of returns to diversity and learning-by-using
Monopolistic competition and macroeconomics: theory and quantitative implications
Does competition make firms enterprising or defensive?
Rationalisation and specialisation in start-up investment
Industrial policy in a small open economy
Table of Contents provided by Publisher. All Rights Reserved.

ISBN: 9781107402430
ISBN-10: 1107402433
Audience: Professional
Format: Paperback
Language: English
Number Of Pages: 510
Published: 21st July 2011
Publisher: Cambridge University Press
Country of Publication: GB
Dimensions (cm): 22.9 x 15.2  x 2.9
Weight (kg): 0.74