On the theory of monopolistic competition under demand uncertainty

Yasunori Ishii

Research output: Contribution to journalArticle

3 Citations (Scopus)

Abstract

Establishing a model of a monopolistically competitive industry in which risk-averse Cournot firms act under demand uncertainty and in which the output of individual firms and the number of firms in the industry are both endogenously determined by free entry and exit, this paper attempts to investigate the effects of demand uncertainty on the market equilibrium of a monopolistically competitive industry. It is assumed, for calculus simplification, that the firms are identical in the sense that they have the same monopolistic power and the same production technology. The paper presents some interesting and useful comparative statics results which are contrary to those proposed in the existing papers.

Original languageEnglish
Pages (from-to)21-32
Number of pages12
JournalJournal of Economics Zeitschrift für Nationalökonomie
Volume54
Issue number1
DOIs
Publication statusPublished - 1991 Feb
Externally publishedYes

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ASJC Scopus subject areas

  • Economics and Econometrics
  • Business, Management and Accounting(all)

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