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Dixit Stiglitz (1977) - Monopolistic Competition And Optimum Product Diversity (view source)
Revision as of 00:01, 5 April 2010
, 00:01, 5 April 2010no edit summary
==Reference(s)==
*Dixit, A. and J. Stiglitz (1977), "Monopolistic competition and optimum product diversity", American Economic Review 67, 297-308. [http://www.edegan.com/pdfs/Dixit%20Stiglitz%20(1977)%20-%20Monopolistic%20competition%20and%20optimum%20product%20diversity.pdf pdf][http://www.edegan.com/repository/Dixit%20Stiglitz%20(1977)%20-%20Class%20Slides.pdf (Class Slides)]
==Abstract==
The basic issue concerning production in welfare economics is whether a market solution will yield the socially optimum kinds and quantities of commodities. It is well known that problems can arise for three broad reasons: distributive justice; external effects; and scale economies. This paper is concerned with the last of these.
