Artikel
Markups in a two-country monopolistic competition model of trade with heterogeneous consumers
The paper develops a two-country monopolistic competition model of trade featuring country-specific consumer tastes. The accounting for heterogeneity in tastes is achieved by assuming different elasticities of substitution in the CES utility function for different country consumers. The proposed framework extends the canonical Krugman's approach by revealing new effects regarding markups response to consumer heterogeneity and trade liberalization. Specifically, the model predicts that, depending on the preference structure, trade liberalization may lead either to decrease or increase in the level of markups, charged by monopolistically competitive firms across destination countries.
- Sprache
-
Englisch
- Erschienen in
-
Journal: Journal of Economic Structures ; ISSN: 2193-2409 ; Volume: 9 ; Year: 2020 ; Issue: 13 ; Pages: 1-12 ; Heidelberg: Springer
- Klassifikation
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Wirtschaft
Models of Trade with Imperfect Competition and Scale Economies; Fragmentation
Market Structure, Pricing, and Design: Oligopoly and Other Forms of Market Imperfection
Oligopoly and Other Imperfect Markets
- Thema
-
Heterogeneous consumers
Monopolistic competition
CES utility function
International trade
Markups
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Oésarin, Aleksandr
Verbus, Valerij
Bakunina, Irina
Silaeva, Vera
Silaeva, Marina
- Ereignis
-
Veröffentlichung
- (wer)
-
Springer
- (wo)
-
Heidelberg
- (wann)
-
2020
- DOI
-
doi:10.1186/s40008-020-0179-6
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:44 MEZ
Datenpartner
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ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Artikel
Beteiligte
- Oésarin, Aleksandr
- Verbus, Valerij
- Bakunina, Irina
- Silaeva, Vera
- Silaeva, Marina
- Springer
Entstanden
- 2020
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