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https://hdl.handle.net/10419/20242
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DC Field | Value | Language |
---|---|---|
dc.contributor.author | Koeniger, Winfried | en |
dc.contributor.author | Licandro, Omar | en |
dc.date.accessioned | 2009-01-28T16:12:40Z | - |
dc.date.available | 2009-01-28T16:12:40Z | - |
dc.date.issued | 2004 | - |
dc.identifier.uri | http://hdl.handle.net/10419/20242 | - |
dc.description.abstract | The effects of competition on growth are analyzed in the recent literature by comparingeconomies with the same market structure but different degrees of substitutability. In thisnote, we show that in a general equilibrium model with monopolistic competition – la Dixit-Stiglitz the effect of substitutability on the allocation of resources is independent of theassociated change in competition. Higher substitutability increases welfare, output andproductivity because resources shift towards the most productive sectors. However, sincemarkups are equal across sectors, changes in market power do not affect the relative price ofconsumption goods, implying that the induced changes in market power do not have anydirect effect on equilibrium allocations. | en |
dc.language.iso | eng | en |
dc.publisher | |aInstitute for the Study of Labor (IZA) |cBonn | en |
dc.relation.ispartofseries | |aIZA Discussion Papers |x1007 | en |
dc.subject.jel | L16 | en |
dc.subject.ddc | 330 | en |
dc.subject.keyword | monopolistic competition | en |
dc.subject.keyword | substitution | en |
dc.subject.keyword | market power | en |
dc.subject.keyword | output | en |
dc.subject.stw | Monopolistischer Wettbewerb | en |
dc.subject.stw | Produktsubstitution | en |
dc.subject.stw | Marktmacht | en |
dc.subject.stw | Allgemeines Gleichgewicht | en |
dc.subject.stw | Wirtschaftswachstum | en |
dc.subject.stw | Theorie | en |
dc.title | Substitutability and Competition in the Dixit-Stiglitz Model | - |
dc.type | Working Paper | en |
dc.identifier.ppn | 378733184 | en |
dc.rights | http://www.econstor.eu/dspace/Nutzungsbedingungen | en |
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