Derived factor demand under monopoly

We generalize the formula provided by Maurice and Ferguson (1973) for derived factor demand in a monopoly by extending it to cross-price effects and taking into account other variables which may, within an general-equilibrium framework, affect demand, such as income. Hopefully, both features increase the applicability of this formula in general-equilibrium analyses.

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Year of publication:	2002-03-21
Authors:	Bayindir-Upmann, Thorsten
Published in:	Economic Theory. - Springer. - Vol. 20.2002, 3, p. 629-636
Publisher:	Springer
Subject:	Derived factor demand \| Monopoly

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Extent:	application/pdf
Type of publication:	Article
Notes:	Received: April 5, 2000; revised version: June 7, 2001
Classification:	D21 - Firm Behavior ; D42 - Monopoly
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005155477