Journal article
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- Abstract:
- We provide an overview and synthesis of recent work on models of monopolistic competition with heterogeneous firms in international trade, paying particular attention to competition effects, pass-through, selection effects, and linking distributions of firm characteristics and outcomes. A recurring theme is that CES preferences are extremely convenient for deriving analytic results, but also extremely restrictive in their theoretical and empirical implications. We introduce the class of “constant-response demand functions” to describe some related families of demand functions that provide a unifying principle for much recent work that explores alternatives to CES demands.
- Publication status:
- Published
- Peer review status:
- Peer reviewed
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- Files:
-
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(Preview, Accepted manuscript, pdf, 932.9KB, Terms of use)
-
- Publisher copy:
- 10.1016/j.ijindorg.2019.102561
Authors
- Publisher:
- Elsevier
- Journal:
- International Journal of Industrial Organization More from this journal
- Volume:
- 70
- Pages:
- 102561
- Publication date:
- 2019-11-29
- Acceptance date:
- 2019-11-08
- DOI:
- EISSN:
-
1873-7986
- ISSN:
-
0167-7187
- Language:
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English
- Keywords:
- Pubs id:
-
pubs:1072086
- UUID:
-
uuid:ae1f0a52-444b-4bd5-a81a-7b2ef4ea6db2
- Local pid:
-
pubs:1072086
- Source identifiers:
-
1072086
- Deposit date:
-
2019-11-15
Terms of use
- Copyright holder:
- Elsevier B.V.
- Copyright date:
- 2019
- Rights statement:
- © 2019 Elsevier B.V. All rights reserved.
- Notes:
-
This is the accepted manuscript version of the article. The final version is available from Elsevier at https://doi.org/10.1016/j.ijindorg.2019.102561
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