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Journal Articles International Journal of Economic Theory Year : 2022

Chamberlin without differentiation: Soft-capacity constrained price competition with free entry

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Abstract

We show that the long-term properties of price and cost in Chamberlin's (1933) monopolistic competition model can be reproduced with a soft-capacity constrained price competition oligopoly model for a homogeneous good with free entry.
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Dates and versions

halshs-03378500 , version 1 (14-10-2021)

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Marie-Laure Cabon-Dhersin, Nicolas Drouhin. Chamberlin without differentiation: Soft-capacity constrained price competition with free entry. International Journal of Economic Theory, In press, ⟨10.1111/ijet.12339⟩. ⟨halshs-03378500⟩
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