Perfect competition and optimal product differentiation

DOI10.1016/0022-0531(80)90044-7zbMath0435.90026OpenAlexW2046362908MaRDI QIDQ1140523

Oliver D. Hart

Publication date: 1980

Published in: Journal of Economic Theory (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/0022-0531(80)90044-7

zbMATH Keywords

competitive economysufficient optimality conditionsperfect competitionoptimal market equilibriumoptimal product differentiationsuboptimal market equilibrium

Mathematics Subject Classification ID

General equilibrium theory (91B50)

Related Items (9)

Cournot competition in a differentiated oligopoly ⋮ Efficient non-contractible investments in large economies. ⋮ Fixed price and quality signals ⋮ Symmetric equilibrium existence and optimality in differentiated product markets ⋮ Optimism and firm formation ⋮ Perfect competition, the profit criterion, and the organization of economic activity ⋮ On the presence and absence of free entry in oligopoly equilibria ⋮ The efficiency of monopolistically competitive equilibria in large economies: Commodity differentiation with Gross substitutes ⋮ Walrasian equilibria as limits of noncooperative equilibria. I: Mixed strategies

Cites Work

• Unnamed Item
• Unnamed Item
• Perfect competition, the profit criterion, and the organization of economic activity
• The limit points of monopolistic competition
• A remark on a smoothness property of convex, complete preorders
• A characterization of the optimality of equilibrium in incomplete markets
• Cournot and Walras equilibrium
• Monopolistic Competition in a Large Economy with Differentiated Commodities
• On Shareholder Unanimity in Large Stock Market Economies
• Choice of Product Quality: Equilibrium and Efficiency
• Product Selection, Fixed Costs, and Monopolistic Competition
• Quasi-Equilibria in Markets with Non-Convex Preferences
• Convex Analysis

This page was built for publication: Perfect competition and optimal product differentiation