What are the key features of monopolistic competition in neoclassical economics?

May 18, 2017 ... Hayes says: The entirety of the corpus of [Friedrich] Hayek, [Milton] Friedman, and neoclassical economics. I think it's an incredibly powerful ... The first possibility is that, by constraining 'useful' to mean 'price-sensitive', conventional (neoclassical) economic theory is too narrow with respect to ... Nov 20, 2021 ... General equilibrium theory lost its dominant position in theoretical economic studies, with its role of setting the research agenda taken over ... The new institutional economics aspires to bridge the gap between neoclassical economics and organization theory (Williamson, 1985; Furubotn and Richter, 1998). Dec 18, 2016 ... The central research domains of neoclassical economics are: microeconomics, which analyses the behaviour of households and firms; macroeconomics ... The neoclassical theory of authority builds on a key insight of the literature on public finance and fiscal federalism: the tension between the economic. Financial Economics with the information that is relevant for the agent to make decisions, the ... neoclassical economic analysis didn't give any room to ... The adoption of neoclassical economics in the late 1970s meant that the "utopian assumptions were given the credibility of supposedly unchanging natural ... Informational Directory for Heterodox Economists ... Keynesian economics, institutional economics, economic history, and mainstream neoclassical economics. This research focuses on testing Mexicans' economic and non-economic motivations to migrate ... neoclassical economics and the social capital theory. First, ...