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Monopolistic competition and the stability of industrial equilibrium
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journal contribution
posted on 1987-01-01, 00:00 authored by Chi-Chur Chao, A TakayamaWe consider a two-sector economy, consisting of the differentiated-goods and the homogeneous-goods industries, where the former is monopolistically competitive with scale-economies. We show that the Chamberlinian tangency solution is unstable when the supply side is characterized by the Heckscher-Ohlin two-factor model. © 1987.
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Economics lettersVolume
23Issue
4Pagination
317 - 322Publisher
ElsevierPublisher DOI
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0165-1765Publication classification
CN.1 Other journal articleUsage metrics
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