Oligopolistic vs. monopolistic competition: Do intersectoral effects matter?

  title={Oligopolistic vs. monopolistic competition: Do intersectoral effects matter?},
  author={Claude d'Aspremont and Rodolphe Dos Santos Ferreira},
  journal={Economic Theory},
Recent extensions of the standard Dixit–Stiglitz (Am Econ Rev 67:297–308, 1977) model, that go beyond the CES sub-utility assumption while maintaining monopolistic competition, have mainly emphasized the role of intrasectoral substitutability. We argue that introducing oligopolistic competition can be an alternative extension, still tractable, allowing to restore the role of intersectoral substitutability and reinforcing the general equilibrium dimension of the model. For this purpose, we… 

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  • J. Neary
  • Economics
    SSRN Electronic Journal
  • 2015
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