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True Monopolistic Competition as a Result of Imperfect Information

True Monopolistic Competition as a Result of Imperfect Information Abstract The paper restates Hart's [1985a, 1985b] definition of large group monopolistic competition, distinguishes it from oligopolistic competition, and raises the question of whether there are reasonable circumstances that give rise to true monopolistic 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 would like to thank Ariel Rubinstein for making some useful comments. This content is only available as a PDF. © 1986 by the President and Fellows of Harvard College http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png The Quarterly Journal of Economics Oxford University Press

True Monopolistic Competition as a Result of Imperfect Information

The Quarterly Journal of Economics , Volume 101 (3) – Aug 1, 1986

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References (7)

Publisher
Oxford University Press
Copyright
© 1986 by the President and Fellows of Harvard College
ISSN
0033-5533
eISSN
1531-4650
DOI
10.2307/1885694
Publisher site
See Article on Publisher Site

Abstract

Abstract The paper restates Hart's [1985a, 1985b] definition of large group monopolistic competition, distinguishes it from oligopolistic competition, and raises the question of whether there are reasonable circumstances that give rise to true monopolistic 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 would like to thank Ariel Rubinstein for making some useful comments. This content is only available as a PDF. © 1986 by the President and Fellows of Harvard College

Journal

The Quarterly Journal of EconomicsOxford University Press

Published: Aug 1, 1986

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