True monopolistic competition as a result of imperfect information

Asher Wolinsky*

*Corresponding author for this work

Research output: Contribution to journalArticlepeer-review

163 Scopus citations


The paper restates Hart's [1985a, 1985b] definition of large group monopolistic competition, distinguishes it from oligopolistic competition, and raises the question of whether there are reasonable circumstances that give rise to true monopolistic competition as defined. The purpose is to show that consumers' imperfect information may create conditions that will turn an otherwise oligopolistic market into a truly monopolistically competitive one.

Original languageEnglish (US)
Pages (from-to)493-511
Number of pages19
JournalQuarterly Journal of Economics
Issue number3
StatePublished - Jan 1 1986

ASJC Scopus subject areas

  • Economics and Econometrics


Dive into the research topics of 'True monopolistic competition as a result of imperfect information'. Together they form a unique fingerprint.

Cite this