Search Results - subject:"variable elasticity"

The stability properties of Goodwin’s growth cycle model with a variable elasticity of substitution production function

Rodousakis, Nikolaos - In: Studies in microeconomics 2 (2014) 2, pp. 213-223

Persistent link: https://ebvufind01.dmz1.zbw.eu/10011900890

City size and the Henry George theorem under monopolistic competition

BEHRENS, Kristian; MURATA, Yasusada - Center for Operations Research and Econometrics (CORE), … - 2007

present a variable elasticity of substitution (VES) case where the equilibrium markups fall with the city size. We then show …, where the equilibrium markups are independent of the city size, we present a variable elasticity of substitution (VES …, monopolistic competition, first-best and second-best alocations, variable elasticity. JEL Clasification: D43, R12, R13 …

Persistent link: https://ebvufind01.dmz1.zbw.eu/10005008619

Gains from trade and efficiency under monopolistic competition: a variable elasticity case

BEHRENS, Kristian; MURATA, Yasusada - Center for Operations Research and Econometrics (CORE), … - 2006

We present a general equilibrium model of monopolistic competition with variable demand elasticities and investigate the impact of free trade on welfare and efficiency. First, contrary to the constant elasticity case, in which all gains from trade are due to increasing product diversity, our...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10005042800