Monopolistic Competition in Two-Sector Economy under Demand Uncertainty

Monopolistic Competition in Two-Sector Economy under Demand Uncertainty

The article deals with the theory of monopolistic competition under demand uncertainty. The authors consider the economy with labor immobility consisting of the high-tech sector with monopolistic competition and the standard sector with perfect competition. Preferences between sectors are specified...

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Bibliographic Details
Main Authors: Alexander Borisovich Shapoval, Vasiliy Mikhailovich Goncharenko
Format: Article
Language:Russian
Published: Economic Research Institute of the Far East Branch of the Russian Academy of Sciences 2014-06-01
Series:Prostranstvennaâ Èkonomika
Subjects:
monopolistic competition
backward induction
demand uncertainty
Online Access:http://spatial-economics.com/eng/images/spatial-econimics/3_2014/SE.2014.3.012-025.Shapoval.pdf

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