Search results with tag "Dixit stiglitz lite"

Dixit-Stiglitz lite - Columbia University

of introducing monopolistic competition and increasing returns. The simplest means of introducing increasing returns is to assume that the production of a good involves a xed cost in addition to a constant marginal cost, so that the average cost is ... does not a ect the price index Psince there is a continuum of rms: 4. @q @p

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