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The Monopolistic Competition Revolution in Retrospect

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 | #2894639 in eBooks |  2001-01-05 |  2001-01-05 | File type: PDF

|| |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

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 inter...

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