Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/159091
Authors: 
Benassi, Corrado
Cellini, Roberto
Chirco, Alessandra
Year of Publication: 
1996
Series/Report no.: 
Quaderni - Working Paper DSE 248
Abstract: 
The paper shows that the co-movements of optimal price and output in a monopolistic market can be a case of spurious correlation, price and quantity variations being affect by the degree of uncertainty in the consumers' incomes. The pattern of price and quantity changes depends on the shape of the distribution function of the stochastic variable "income of the consumers", as well as the size of the firm's costs.
Persistent Identifier of the first edition: 
Creative Commons License: 
https://creativecommons.org/licenses/by-nc/3.0/
Document Type: 
Working Paper

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