Markups in a two-country monopolistic competition model of trade with heterogeneous consumers

Markups in a two-country monopolistic competition model of trade with heterogeneous consumers

Abstract 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 pro...

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Bibliographic Details
Main Authors: Alexander Osharin, Valery Verbus, Irina Bakunina, Vera Silaeva, Marina Silaeva
Format: Article
Language:English
Published: SpringerOpen 2020-02-01
Series:Journal of Economic Structures
Subjects:
Heterogeneous consumers
Monopolistic competition
CES utility function
International trade
Markups
Online Access:https://doi.org/10.1186/s40008-020-0179-6

Internet

https://doi.org/10.1186/s40008-020-0179-6

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