Verti-zontal differentiation in monopolistic competition
The recent availability of trade data at a firm-product-country level calls for a new generation of models able to exploit the large variability detected across observations. By developing a model of monopolistic competition in which varieties enter preferences non-symmetrically, we show how consumer taste heterogeneity interacts with quality and cost heterogeneity to generate a new set of predictions. Applying our model to a unique micro-level dataset on Belgian exporters with product and destination market information, we find that heterogeneity in consumer tastes is the missing ingredient o... Mehr ...
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Dokumenttyp: | doc-type:workingPaper |
Erscheinungsdatum: | 2011 |
Verlag/Hrsg.: |
Brussels: National Bank of Belgium
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Schlagwörter: | ddc:330 / D43 / F12 / F14 / L16 / Heterogeneous firms / Product Differentiation / Monopolistic Competition / Nonsymmetric varieties / Produktdifferenzierung / Konsumentenverhalten / Monopolistischer Wettbewerb / Industrieökonomik / Belgien |
Sprache: | Englisch |
Permalink: | https://search.fid-benelux.de/Record/base-26543484 |
Datenquelle: | BASE; Originalkatalog |
Powered By: | BASE |
Link(s) : | http://hdl.handle.net/10419/144428 |