Open AccessMonopolistic Competition in a Large Economy
Author(s) -
Tanmay Biswas
Publication year - 2012
Publication title -
review of economic analysis
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.101
H-Index - 1
ISSN - 1973-3909
DOI - 10.15353/rea.v4i1.1539
Subject(s) - monopolistic competition , economics , pareto principle , pareto optimal , competition (biology) , microeconomics , multi objective optimization , monopoly , ecology , mathematical optimization , mathematics , biology , operations management
Fort a small economy, the equilibrium under monopolistic competition may not be Pareto optimal. The paper deals with the condition for the existence and Pareto optimality of equilibrium under monopolistic competition in a large economy with differentiated products.