Article ID Journal Published Year Pages File Type
5060488 Economics Letters 2012 4 Pages PDF
Abstract
► A model with nested CES utility and Bertrand competition is continuous. ► Atkeson and Burstein's (AER 2008) conjecture about discontinuity is false. ► The continuity result justifies the use of the model in applied and theoretical work.
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Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
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Continuity of a model with a nested CES utility function and Bertrand competition
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