A homothetic utility function for monopolistic competition models, without constant price elasticity

2003 ◽  
Vol 78 (1) ◽  
pp. 79-86 ◽  
Author(s):  
Robert C. Feenstra
Keyword(s):  
Utility Function ◽  
Price Elasticity ◽  
Monopolistic Competition ◽  
Competition Models

PRODUCTION SUBSIDY AS A MACROECONOMIC POLICY IN A STAGNATION ECONOMY

2008 ◽  
Vol 53 (02) ◽  
pp. 317-333 ◽  
Author(s):  
WATARU JOHDO
Keyword(s):  
Steady State ◽  
Utility Function ◽  
Monopolistic Competition ◽  
Full Employment ◽  
Macroeconomic Policy ◽  
Elasticity Of Substitution ◽  
Nominal Wage ◽  
Differentiated Products ◽  
Effective Demand ◽  
Number Of Firms

This paper analyzes the effects of a changing production subsidy in a model with money-in-the-utility function for households, monopolistic competition amongst an endogenously-determined number of firms, and nominal wage sluggishness that can prevent the equilibrium from attaining full employment. Its conclusion is that in a steady state with less than full employment (that is, under stagnation), a larger production subsidy will promote entry and stimulate effective demand provided that the elasticity of substitution among the differentiated products is sufficiently high. This paper is motivated by recent Japanese experiences.

General Equilibrium Theories of Spatial Agglomeration

2019 ◽  
Author(s):  
Marcus Berliant ◽  
Ping Wang
Keyword(s):  
General Equilibrium ◽  
Urban Growth ◽  
Monopolistic Competition ◽  
Competitive Equilibrium ◽  
Knowledge Transmission ◽  
Equilibrium Models ◽  
Spatial Agglomeration ◽  
Competition Models ◽  
Long Run ◽  
Game Theoretic

General equilibrium theories of spatial agglomeration are closed models of agent location that explain the formation and growth of cities. There are several types of such theories: conventional Arrow-Debreu competitive equilibrium models and monopolistic competition models, as well as game theoretic models including search and matching setups. Three types of spatial agglomeration forces often come into play: trade, production, and knowledge transmission, under which cities are formed in equilibrium as marketplaces, factory towns, and idea laboratories, respectively. Agglomeration dynamics are linked to urban growth in the long run.

scholarly journals Retail Consolidation And The Price Elasticity Of Demand For Books

2011 ◽  
Vol 1 (12) ◽  
Author(s):  
Thomas J. Webster
Keyword(s):  
Utility Function ◽  
Price Elasticity ◽  
Book Industry ◽  
Mail Order ◽  
Price Elasticities ◽  
Elasticity Of Demand ◽  
Price Elasticity Of Demand ◽  
Non Fiction ◽  
Oligopsony Power

This paper estimates a translogarithmic utility function to derive price elasticities of demand for nine categories of books published for the period 1975 to 1996. In general, more popular categories of books, such as adult fiction and non-fiction hardcover and paperbound publications, tended on average to have higher price elasticities of demand, suggesting lower retail margins than more specialized categories, such as professional books and mail order specialty items. This study also briefly examines increased consolidation and concentration in the retail book industry. While increases in oligopsony power suggests larger publisher to retailer discounts, price elasticity estimates indicate that retail margins were generally virtually unaffected during the period considered. One possible explanation is that increases in retailer profits were at the expense of publishers, which augur further concentration in the retail book industry.

Illicit Drugs: Price Elasticity of Demand and Supply

2002 ◽  
Author(s):  
William Rhodes ◽  
Patrick Johnston ◽  
Song Han ◽  
Quentin McMullen ◽  
Lynne Hozik
Keyword(s):  
Price Elasticity ◽  
Illicit Drugs ◽  
Demand And Supply ◽  
Elasticity Of Demand ◽  
Price Elasticity Of Demand

RESEARCH OF PRICE ELASTICITY OF DEMAND FOR PAID DENTAL SERVICES

2017 ◽  
Vol 19 (3) ◽  
pp. 78-81
Author(s):  
Je.H. Sahibgareeva ◽  
◽  
S.N. Cherkasov ◽  
A.Ju. Bragin ◽  
◽  
...  
Keyword(s):  
Price Elasticity ◽  
Dental Services ◽  
Elasticity Of Demand ◽  
Price Elasticity Of Demand
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