This is a preview. Log in through your library . Abstract Recent monopolistic competition models have identified three main sources of the gains from trade: (1) the introduction of new varieties for ...

The Journal of Risk and Insurance publishes rigorous, original research in insurance economics and risk management. This includes the following areas of specialization: (1) industrial organization of ...

1. An indifference curve is defined as a set of bundles that a consumer with a given income can afford, and among which she or he is indifferent. 2. More is preferred to less means that if the total ...