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connections to one facility are congested. A model is presented for this asymmetric duopoly game that can be solved for a Nash …
Persistent link: https://www.econbiz.de/10008793454
displays solid microeconomic foundations, (b) it is a highly synthetic theory, which combines in a unified framework general … equilibrium, nonclearing markets, imperfect competition, growth theory and rational expectations, (c) it is also an empirical …
Persistent link: https://www.econbiz.de/10010930194
This article explores the economic conditions for the viability of organic farming in a context of imperfect competition. While most research dealing with this issue has adopted an empirical approach, we propose a theoretical foundation. Farmers have a choice between two technologies, the...
Persistent link: https://www.econbiz.de/10010933880
to pay men a premium, in line with Becker's theory. Penetration of foreign products in the domestic market triggers a … by the theory. …
Persistent link: https://www.econbiz.de/10010933941
This paper explores the consequences of imperfect competition on capital accumulation. The framework is an OLG growth model with altruistic agents. Two types of long run equilibria exist : egoistic or altruistic. We assume both competitive and non-competitive firms exist, the latter being...
Persistent link: https://www.econbiz.de/10010750359
This paper presents an overlapping generations model with altruistic consumers, in which pension funds, by holding a signi...cant share of capital assets, produce non competitive behavior. We study the consequences of such behavior on capital accumulation and welfare in the long run when...
Persistent link: https://www.econbiz.de/10010750386
elasticities. In this paper, we show that higher estimated trade price elasticities, more in conformity with theory, can be …
Persistent link: https://www.econbiz.de/10010750461
We analyze the relationship between imperfect competition and capital accumulation in a dual economy, with traditional and modern sectors and two types of agents (workers and capitalists). Workers allocate their time endowment between the two sectors. Capitalistsaccumulate wealth in the modern...
Persistent link: https://www.econbiz.de/10010750477
In macroeconomics, economists introduce most frequently imperfect competition on product markets using the Dixit and Stiglitz (1977) monopolistic competition model. However, by assumption, this framework ignores one important feature of imperfect competition: strategic interactions between...
Persistent link: https://www.econbiz.de/10010750491
Previous studies have emphasized that Roeger's methodology generates too high markups. This feature is confirmed on the basis of the unrealistically low capital shares implied by the estimates herein. Theoretically, it is shown that the normalization choice, the slow adjustment of capital and...
Persistent link: https://www.econbiz.de/10010750525