A Tractable Alternative to Cobb-Douglas Utility for Imperfect Competition

This paper proposes a tractable alternative to Cobb-Douglas utility to resolve the problems of lack of reservation price and income effects in demand functions derived from Cobb-Douglas utility or quasilinear utility. Another advantage of this alternative is that it provides a closed-form general equilibrium in the case where some industries are monopoly while others are imperfectly competitive

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Year of publication:	2000
Authors:	Yin, Xiangkang
Publisher:	[S.l.] : SSRN
Subject:	Unvollkommener Wettbewerb \| Imperfect competition \| Theorie \| Theory \| Nutzenfunktion \| Utility function \| Cobb-Douglas-Produktionsfunktion \| Cobb-Douglas production function
Description of contents:	Abstract [papers.ssrn.com]