True Monopolistic Competition as a Result of Imperfect Information
Quarterly Journal of Economics
1986
The paper restates Hart's [1985a, 1985b] definition of large group monopolistic competition, distinguishes it from oligopolistic competition, and raises the ques-tion of whether there are reasonable circumstances that give rise to true monopo-listic competition as defined. The purpose is to show that consumers ' imperfect information may create conditions that will turn an otherwise oligopolistic market into a truly monopolistically competitive one. I.
- DOI
- 10.2307/1885694
- Volume
- 101 (3)
- Pages
- 493
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- crossref openalex