EconStor >
Zentrum für Europäische Wirtschaftsforschung (ZEW), Mannheim >
ZEW Discussion Papers >

Please use this identifier to cite or link to this item:

http://hdl.handle.net/10419/30154
  

Full metadata record

DC FieldValueLanguage
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.publisherZentrum für Europäische Wirtschaftsforschung (ZEW) Mannheimen_US
dc.relation.ispartofseriesZEW Discussion Papers 10-009en_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.typeWorking Paperen_US
dc.identifier.ppn618577394en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
dc.identifier.repecRePEc:zbw:zewdip:10009-
Appears in Collections:ZEW Discussion Papers
Publikationen von Forscherinnen und Forschern des ZEW

Files in This Item:
File Description SizeFormat
618577394.pdf486.71 kBAdobe PDF
No. of Downloads: Counter Stats
Show simple item record
Download bibliographical data as: BibTeX

Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.