{"title":"Chamberlin without differentiation: Soft capacity constrained price competition with free entry","authors":"Marie-Laure Cabon-Dhersin, Nicolas Drouhin","doi":"10.1111/ijet.12339","DOIUrl":null,"url":null,"abstract":"<p>We show that the long-term properties of price and cost in Chamberlin's monopolistic competition model can be reproduced with a soft capacity constrained price competition oligopoly model for a homogeneous good with free entry.</p>","PeriodicalId":44551,"journal":{"name":"International Journal of Economic Theory","volume":"19 1","pages":"118-126"},"PeriodicalIF":0.5000,"publicationDate":"2022-02-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"International Journal of Economic Theory","FirstCategoryId":"96","ListUrlMain":"https://onlinelibrary.wiley.com/doi/10.1111/ijet.12339","RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q4","JCRName":"ECONOMICS","Score":null,"Total":0}
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Abstract
We show that the long-term properties of price and cost in Chamberlin's 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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