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dc.contributor.authorKoebel, Bertrand M.en
dc.contributor.authorLaisney, Françoisen
dc.date.accessioned2010-02-15-
dc.date.accessioned2010-03-09T15:50:04Z-
dc.date.available2010-03-09T15:50:04Z-
dc.date.issued2010-
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
dc.language.isoengen
dc.publisher|aZentrum für Europäische Wirtschaftsforschung (ZEW) |cMannheimen
dc.relation.ispartofseries|aZEW Discussion Papers |x10-009en
dc.subject.jelC33en
dc.subject.jelD24en
dc.subject.ddc330en
dc.subject.keywordAggregationen
dc.subject.keywordreturns to scaleen
dc.subject.keywordmarket poweren
dc.subject.keywordmarkupen
dc.subject.keywordown-price elasticityen
dc.subject.stwDuopolen
dc.subject.stwSkalenertragen
dc.subject.stwAggregationen
dc.subject.stwArbeitsnachfrageen
dc.subject.stwMarktmechanismusen
dc.subject.stwSubstitutionseffekten
dc.subject.stwMark-up Pricingen
dc.subject.stwTheorieen
dc.subject.stwVerarbeitendes Gewerbeen
dc.subject.stwSchätzungen
dc.subject.stwUSAen
dc.titleThe aggregate Le Chatelier Samuelson principle with Cournot competition-
dc.type|aWorking Paperen
dc.identifier.ppn618577394en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen
dc.identifier.repecRePEc:zbw:zewdip:10009en

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