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In "The Economics of Imperfect Competition", Joan Robinson argued that an increase of the consumers' incomes should make demand less elastic - which, although reasonable about individual demand as an assumption on preferences, suggests a role for income distribution as far as market demand is...
Persistent link: https://www.econbiz.de/10014070364
In The Economics of Imperfect Competition, Joan Robinson argued that an increase of the consumers' incomes should make demand less elastic - which, though reasonable about individual demand as an assumption on preferences, suggests a role for income distribution as far as market demand is...
Persistent link: https://www.econbiz.de/10014075289
Persistent link: https://www.econbiz.de/10003048293
In this paper we study the transmission mechanism of fiscal policy based on possible changes in the elasticity of demand. These are obtained by assuming that firms face a balance of public and private demands, each characterized by different price elasticity. We show that in this set-up there...
Persistent link: https://www.econbiz.de/10014075276
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