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Financial Analytics: Science and Experience
 

Pricing on the markets of monopolistic competition with heterogeneous consumers

Vol. 6, Iss. 21, JUNE 2013

Available online: 5 June 2013

Subject Heading: MATHEMATICAL METHODS OF ANALYSIS IN ECONOMICS

JEL Classification: 

Osharin A.M. PhD of Physical and Mathematical Sciences, Associate Professor, the Department of Economic Theory and Econometrics, the National Research University – Higher School of Economics, Nizhny Novgorod
aosharin@hse.ru

Osharina N.N. PhD of Physical and Mathematical Sciences, Associate Professor, the Department of Computer Information Systems of Financial Calculations, the Nizhny Novgorod State University named after N.I. Lobachevsky
nadejda.osharina@gmail.com

In the article pricing on the markets of monopolistic competition with heterogeneous consumers, which preferences depend upon individual income is analyzed. This approach does not use the representative agent concept and has more wider range of applications compared with traditional models. The developed approach allows investigating distributional effects in economics.

Keywords: monopolistic competition, markup, income distribution, heterogeneous agent

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ISSN 2311-8768 (Online)
ISSN 2073-4484 (Print)

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