Avinash Dixit and Joseph Stiglitz revolutionized the modelling of imperfectly competitive markets and launched "the second monopolistic competition revolution". Experts in the areas of macroeconomics, international trade theory, economic geography, and international growth theory examine the success of the second revolution in this collection of papers. They reveal what appears to be "missing" and look forward to the next step in the modelling of imperfectly competitive markets. The text includes a comprehensive survey of the two monopolistic competition revolutions, and previously unpublished working papers by Dixit and Stiglitz that led to their famous 1977 paper.
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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
Book Description
A seminal paper by Avinash Dixit and Joseph Stiglitz revolutionized the modelling of imperfectly competitive markets and launched 'the second monopolistic competition revolution'. In this collection of original essays experts in the fields of macroeconomics, international trade theory, economic geography, and international gr owth theory examine the success of the second revolution, what is missing, and look forward to the next step in the modelling of imperfectly competitive markets.
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Inside This Book
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First Sentence:
In speaking of theories of monopolistic or imperfect competition as 'revolutions,' I know in advance that I shall provoke dissent. Read the first page Key Phrases - Statistically Improbable Phrases (SIPs): (learn more)
spatial wage structure, geographical economics model, geographical economics approach, subsidy shock, constrained social optimum, monopolistically competitive sector, new economic geography model, labour market clearing condition, risk discount factor, real domestic output, full expenditure, enterprising strategy, tariff shock, enterprising strategies, high trade costs, national market power, monopolistic competition revolution, monopolistically competitive equilibrium, monopolistic competition theory, trustified capitalism, product subsidy, relative wage rigidity, government spending shocks, wage equalisation, unconstrained optimum Key Phrases - Capitalized Phrases (CAPs): (learn more)
American Economic Review, New York, Journal of International Economics, Review of Economic Studies, Quarterly Journal of Economics, East Germany, Peter Neary, European Economic Review, Honor of Edward, Steven Brakman, Discussion Paper, Avinash Dixit, Handbook of International Economics, Harvard University, Canadian Journal of Economics, Global Economy, International Economic Review, Journal of Economic Literature, The Spatial Economy, Adam Smith, Brown University, Economics Letters, Dos Santos Ferreira, Paul Krugman, Press Fujita New!
Books on Related Topics | Concordance | Text Stats Browse Sample Pages:
Front Cover | Table of Contents | First Pages | Index | Back Cover | Surprise Me!
In speaking of theories of monopolistic or imperfect competition as 'revolutions,' I know in advance that I shall provoke dissent. Read the first page Key Phrases - Statistically Improbable Phrases (SIPs): (learn more)
spatial wage structure, geographical economics model, geographical economics approach, subsidy shock, constrained social optimum, monopolistically competitive sector, new economic geography model, labour market clearing condition, risk discount factor, real domestic output, full expenditure, enterprising strategy, tariff shock, enterprising strategies, high trade costs, national market power, monopolistic competition revolution, monopolistically competitive equilibrium, monopolistic competition theory, trustified capitalism, product subsidy, relative wage rigidity, government spending shocks, wage equalisation, unconstrained optimum Key Phrases - Capitalized Phrases (CAPs): (learn more)
American Economic Review, New York, Journal of International Economics, Review of Economic Studies, Quarterly Journal of Economics, East Germany, Peter Neary, European Economic Review, Honor of Edward, Steven Brakman, Discussion Paper, Avinash Dixit, Handbook of International Economics, Harvard University, Canadian Journal of Economics, Global Economy, International Economic Review, Journal of Economic Literature, The Spatial Economy, Adam Smith, Brown University, Economics Letters, Dos Santos Ferreira, Paul Krugman, Press Fujita New!
Books on Related Topics | Concordance | Text Stats Browse Sample Pages:
Front Cover | Table of Contents | First Pages | Index | Back Cover | Surprise Me!
Citations (learn more)
This book cites 83
books:
See all 83 books this book cites
4
books
cite this book:
- International Economics: Theory and Policy (6th Edition) by Paul R. Krugman on 10 pages
- International Economics by Paul R. Krugman on 10 pages
- Innovation and Growth in the Global Economy by Gene M. Grossman on 7 pages
- Theory of International Trade: A Dual, General Equilibrium Approach (Cambridge Economic Handbooks) by Avinash Dixit on 6 pages
- The Economics of Imperfect Competition, 2nd Edition by Joan Robinson on 5 pages
See all 83 books this book cites
- Quantitative Unternehmensführung: Denken in Austauschraten (German Edition) by Marion Steven on page 146
- A Realist Philosophy of Social Science: Explanation and Understanding by Peter T. Manicas in Back Matter
- Multidisciplinary Economics: The Birth of a New Economics Faculty in the Netherlands by Peter de Gijsel in Back Matter
- Research in the History of Economic Thought and Methodology by Warren Samuels on page 225
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