Relevant bibliographies by topics / General equilibrium ; Production subsidies ; Monopolistic competition

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  1. Journal articles
  2. Dissertations / Theses
  3. Books
  4. Book chapters

Academic literature on the topic 'General equilibrium ; Production subsidies ; Monopolistic competition'

Author: Grafiati
Published: 4 June 2021
Last updated: 1 February 2022

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Journal articles on the topic "General equilibrium ; Production subsidies ; Monopolistic competition"

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Nocco, Antonella, Gianmarco I. P. Ottaviano, and Matteo Salto. "Monopolistic Competition and Optimum Product Selection." American Economic Review 104, no. 5 (2014): 304–9. http://dx.doi.org/10.1257/aer.104.5.304.

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We provide novel insights on the decentralization of optimal outcomes under monopolistic competition with nonseparable utility, variable demand elasticity, and endogenous firm heterogeneity. Relative to the unconstrained optimum, equilibrium firm selection is too weak, average firm size is too small, low-cost firms are too small, and high-cost firms are too large. The unconstrained optimum can be decentralized through differentiated production subsidies to producers financed through lump-sum taxes on entrants and consumers. When differentiated subsidies and transfers from entrants are not viab
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Boitier, Vincent. "Growth and ideas in a perfectly competitive world: A complement." Economics and Business Letters 10, no. 2 (2021): 157–63. http://dx.doi.org/10.17811/ebl.10.2.2021.157-163.

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In this short article, I build an idea-based growth model with perfect competition in a representative household economy. I obtain significant findings that confirm Boitier (2019). First, a competitive equilibrium, increasing returns to scale, and innovations can be tenable. For that, firms must raise capital from shareholders, and the production function must show decreasing returns to scale in the stock of ideas and in labor. Second, the developed idea-based growth model admits a balanced growth path similar to the one provided in an idea-based growth model with monopolistic competition. Whe
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3

Cieślik, Andrzej, and Leszek Wincenciak. "Intra-industry trade in differentiated and homogenous commodities: Brander and Krugman models unified." Equilibrium 13, no. 1 (2018): 29–53. http://dx.doi.org/10.24136/eq.2018.002.

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Research background: This paper extends the early papers by Brander (1981) and Brander and Krugman (1983) who used a simple partial equilibrium Cournot duopoly to a full general equilibrium setting. The explanations of intra-industry trade can be based either on oligopolistic reciprocal dumping idea (Brander, 1981) or product differentiation (Dixit and Norman, 1980; Krugman, 1979, 1980, 1981; Lancaster, 1980; Helpman, 1981). In this paper we combine both explanations in a unified general equilibrium model.
 Purpose of the article: We develop a two-sector, one-factor general equilibrium mo
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Jensen, Christian. "PRICE-SETTING WITH UNOBSERVABLE ELASTICITIES OF DEMAND: THE BUSINESS-CYCLE EFFECTS OF HETEROGENEOUS EXPECTATIONS." Macroeconomic Dynamics 20, no. 4 (2015): 1101–25. http://dx.doi.org/10.1017/s1365100514000753.

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In a dynamic stochastic general equilibrium model with monopolistic competition and flexible prices, we assume that producers must estimate their demand elasticities, which leads to heterogeneous expectations because of idiosyncratic shocks. I argue that these expectations shape firms' perceptions of relative prices, market shares, and individual demand elasticities, thereby distorting their price-setting and production. This model concludes that discarding the conventional assumption of known and exogenous demand elasticity generates business cycle fluctuations indistinguishable from those pr
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Karavidas, Dionysios. "Foreign productivity improvements and domestic welfare effects." Journal of Economic Studies 47, no. 1 (2020): 132–48. http://dx.doi.org/10.1108/jes-12-2018-0459.

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PurposeThis paper aims to shed light on two mechanisms that show how foreign productivity improvement affects domestic welfare.Design/methodology/approachFirst, this study applies a general equilibrium model that takes into account how wages respond to productivity improvements. Second, this study uses a monopolistic competition model that shows how benefits or losses from foreign productivity changes are distributed within domestic economy.FindingsFirst of all, this study shows that a region’s productivity improvement is beneficial for the region itself as well as for its trading partner. Mor
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Vial, Bernardita. "Walrasian Equilibrium and Reputation under Imperfect Public Monitoring." B.E. Journal of Theoretical Economics 10, no. 1 (2010). http://dx.doi.org/10.2202/1935-1704.1638.

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This paper examines a reputation-based mechanism that sustains the provision of high quality in the presence of competition among providers, where the incentive for high-quality production comes from a reputation premium: firms with higher reputations charge higher prices. The way we model the market highlights the fact that prices are not solely determined from consumers' willingness to pay as in the monopolistic setting studied in the previous literature. In effect, equilibrium prices are determined endogenously, from the interaction of the distribution of consumers' valuations for high qual
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Dissertations / Theses on the topic "General equilibrium ; Production subsidies ; Monopolistic competition"

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Kwan, Chang Yee. "The role of production subsidies in general equilibrium macroeconomic models with imperfect competition." Thesis, University of Dundee, 2010. https://discovery.dundee.ac.uk/en/studentTheses/30bc2aab-4979-47a6-8c4a-70a5190bdd15.

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Industrial policy in the form of direct and indirect government subsidy provision to firms in specific sectors of the economy is a common sight in many countries. Some of the most often quoted examples are East Asian economies such as japan and Taiwan. While industrial policy is touted as a possible engine to generate economic growth, empirical validations on the benefits from subsidy provisions have been mixed. It is often argued that a policy of non-intervention by the government may appear to be the optimal policy to pursue. However, this contrasts with the historical observations of regula
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Sundberg, Marcus. "Essays on Spatial Economies and Organization." Doctoral thesis, KTH, Transport och lokaliseringsanalys, 2009. http://urn.kb.se/resolve?urn=urn:nbn:se:kth:diva-10540.

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This thesis concerns both static and dynamic modeling in a spatial computable general equilibrium setting. First, we have applied a static framework for the assessment of economic impacts of the Öresund bridge. Secondly, we make an attempt to enhance the static framework through the introduction of economic dynamics. Third, we introduce the STRAGO model, incorporating monopolistic competition, dynamics and additive transport costs. STRAGO is applied to the analysis of effects from a kilometer tax on freight. The last paper presents a framework for studying the division, or fragmentation of pro
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Books on the topic "General equilibrium ; Production subsidies ; Monopolistic competition"

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Wing, Ian Sue, and Edward J. Balistreri. Computable General Equilibrium Models for Policy Evaluation and Economic Consequence Analysis. Edited by Shu-Heng Chen, Mak Kaboudan, and Ye-Rong Du. Oxford University Press, 2018. http://dx.doi.org/10.1093/oxfordhb/9780199844371.013.7.

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This chapter reviews recent applications of computable general equilibrium (CGE) modeling in the analysis and evaluation of policies that affect interactions among multiple markets. At the core of this research is a particular approach to the data and structural representations of the economy, elaborated through the device of a canonical static multiregional model. This template is adapted and extended to shed light on the structural and methodological foundations of simulating dynamic economies, incorporating “bottom-up” representations of discrete production activities, and modeling contempo
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Book chapters on the topic "General equilibrium ; Production subsidies ; Monopolistic competition"

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Crès, Hervé, and Mich Tvede. "Disagreements on the Market." In Democracy, the Market, and the Firm. Oxford University Press, 2021. http://dx.doi.org/10.1093/oso/9780192894731.003.0002.

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A general equilibrium model of publicly traded firms is provided in the case of a perfect market; it shows how, at the market equilibrium, shareholders agree that profits should be maximized, and about how to compute profits. Hence, they all agree on the objectives of the firms. Next three different contexts of market failure are introduced: incomplete financial markets, production externalities, and monopolistic competition. By use of a common tool (value vectors), it is shown how the market mechanism fails to generate full alignment between shareholders: when facing production externalities or monopolistic competition, shareholders do not necessarily agree that profit should be maximized; when facing incomplete financial markets, shareholders disagree on how to compute profits. In a nutshell: trading on the market generates agreement, but if trading is incomplete or imperfectly competitive then agreement is only partial, and the residual disagreements give rise to problems for collective decision-making.
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