Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/30154
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dc.contributor.authorKoebel, Bertrand M.en_US
dc.contributor.authorLaisney, Françoisen_US
dc.date.accessioned2010-02-15en_US
dc.date.accessioned2010-03-09T15:50:04Z-
dc.date.available2010-03-09T15:50:04Z-
dc.date.issued2010en_US
dc.identifier.urihttp://hdl.handle.net/10419/30154-
dc.description.abstractThis paper studies the aggregate substitution and expansion effects triggered by changes in input prices, in a context where firms supply a homogenous commodity and compete in quantities à la Cournot. We derive a sufficient condition for the existence of a Cournot equilibrium and show that this condition also ensures that the Le Chatelier-Samuelson principle is likely to be satisfied in the aggregate at the Cournot equilibrium, although it may not be satisfied at the firm level. These results are confirmed by the empirical findings obtained for two-digit US manufacturing industries, which also highlight the importance of imperfect competition for understanding aggregate growth, investment and employment.en_US
dc.language.isoengen_US
dc.publisher|aZentrum für Europäische Wirtschaftsforschung (ZEW) |cMannheimen_US
dc.relation.ispartofseries|aZEW Discussion Papers |x10-009en_US
dc.subject.jelC33en_US
dc.subject.jelD24en_US
dc.subject.ddc330en_US
dc.subject.keywordAggregationen_US
dc.subject.keywordreturns to scaleen_US
dc.subject.keywordmarket poweren_US
dc.subject.keywordmarkupen_US
dc.subject.keywordown-price elasticityen_US
dc.subject.stwDuopolen_US
dc.subject.stwSkalenertragen_US
dc.subject.stwAggregationen_US
dc.subject.stwArbeitsnachfrageen_US
dc.subject.stwMarktmechanismusen_US
dc.subject.stwSubstitutionseffekten_US
dc.subject.stwMark-up Pricingen_US
dc.subject.stwTheorieen_US
dc.subject.stwVerarbeitendes Gewerbeen_US
dc.subject.stwSchätzungen_US
dc.subject.stwUSAen_US
dc.titleThe aggregate Le Chatelier Samuelson principle with Cournot competitionen_US
dc.type|aWorking Paperen_US
dc.identifier.ppn618577394en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
dc.identifier.repecRePEc:zbw:zewdip:10009-

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