Monopolistic Competition Model with Retailing

Olga Tilzo, Igor Bykadorov

Research output: Chapter in Book/Report/Conference proceedingConference contributionResearchpeer-review

1 Citation (Scopus)

Abstract

We study the two-level interaction “producer - retailer - consumer” in the monopolistic competition frame. The industry is organized by Dixit-Stiglitz type, the retailer is the only monopolist. The utility function is quadratic. The case of the retailer’s leadership is considered. Two types of retailer behavior are studied, namely: with/without free entry conditions. It turned out that the government needs to stimulate the retailer by paying him subsidies to increase social welfare. A similar result was obtained with respect to consumer surpluses.

Original languageEnglish
Title of host publicationMathematical Optimization Theory and Operations Research - 19th International Conference, MOTOR 2020, Revised Selected Papers
EditorsYury Kochetov, Igor Bykadorov, Tatiana Gruzdeva
PublisherSpringer Science and Business Media Deutschland GmbH
Pages287-301
Number of pages15
ISBN (Print)9783030586560
DOIs
Publication statusPublished - 2020
Event19th International Conference on Mathematical Optimization Theory and Operations Research,MOTOR 2020 - Novosibirsk, Russian Federation
Duration: 6 Jul 202010 Jul 2020

Publication series

NameCommunications in Computer and Information Science
Volume1275 CCIS
ISSN (Print)1865-0929
ISSN (Electronic)1865-0937

Conference

Conference19th International Conference on Mathematical Optimization Theory and Operations Research,MOTOR 2020
CountryRussian Federation
CityNovosibirsk
Period06.07.202010.07.2020

Keywords

  • Consumer surplus
  • Equilibrium
  • Monopolistic competition
  • Retailing
  • Social welfare
  • Taxation

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