Abstract
Develops a model of industrial structure and product variety when technology is characterized by increasing returns to scale. Assumes that an entrant must incur a fixed cost prior to entering the market. Pricing and output decisions occur subsequently. Explores the implications of the opening of trade when one industry is characterized by this market structure. Examples of trade leading to a pareto inferior outcome are found.-from Authors
| Original language | English (US) |
|---|---|
| Journal | University of Stockholm, Institute for International Economic Studies, Seminar Paper |
| Volume | 204 |
| State | Published - Jan 1 1982 |
All Science Journal Classification (ASJC) codes
- General Environmental Science
- General Earth and Planetary Sciences