Equilibrium Price Distribution with Directed Technical Change

This paper studies a non-degenerate price distribution for the homogeneous good within a model of endogenous directed technical change. A probability density function is analytically derived and shown to be related to the technology and innovation parameters of the model.

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Year of publication:	2009-07
Authors:	Gil, Pedro Mazeda ; Figueiredo, Fernanda ; Afonso, Oscar
Institutions:	Faculdade de Economia, Universidade do Porto
Subject:	price distribution \| directed technical change \| scale effects \| labour endowment

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Extent:	application/pdf
Series:	FEP Working Papers.
Type of publication:	Book / Working Paper
Language:	English
Notes:	8 pages
Classification:	D41 - Perfect Competition ; D43 - Oligopoly and Other Forms of Market Imperfection ; O41 - One, Two, and Multisector Growth Models
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10004993562