| Naslov: | Industry equilibrium and welfare in monopolistic competition under uncertainty |
|---|
| Avtorji: | ID Shapoval, Alexander (Avtor)
ID Goncharenko, V. M. (Avtor) |
|---|
| Datoteke: |
Gradivo nima datotek, ki so prostodostopne za javnost. Gradivo je morda fizično dosegljivo v knjižnici fakultete, zalogo lahko preverite v COBISS-u.  |
|---|
| Jezik: | Angleški jezik |
|---|
| Vrsta gradiva: | Neznano |
|---|
| Tipologija: | 1.01 - Izvirni znanstveni članek |
|---|
| Organizacija: | UNG - Univerza v Novi Gorici
|
|---|
| Opis: | This paper offers a new theory that describes the influence of uncertainty on economic fundamentals. This theory posits that uncertainty can improve social welfare. We argue that in an economy, where spending of the customers for the differentiated good correlates with larger substitutability of its varieties, the equilibrium output decreases and the prices increase when uncertainty appears. Alternatively, if such spending and substitutability anti-correlate, the predictions for the price and output changes are reversed. The arguments are based on general equilibrium modeling with the monopolistic competition of firms which produce varieties of the differentiated good under limited information regarding the consumer demand. The impact of uncertainty on the equilibrium is assessed by using the relationship between the weighted elasticity of substitution between varieties, the elasticity of the consumer utility, and the income share spent on the differentiated good. |
|---|
| Ključne besede: | monopolistic competition, uncertain demand, general utility, consumer welfare |
|---|
| Leto izida: | 2020 |
|---|
| Št. strani: | str. 187-218 |
|---|
| Številčenje: | Vol. 130, iss. 2 |
|---|
| PID: | 20.500.12556/RUNG-6367 |
|---|
| COBISS.SI-ID: | 56699651 |
|---|
| UDK: | 33 |
|---|
| ISSN pri članku: | 0931-8658 |
|---|
| DOI: | 10.1007/s00712-019-00687-3 |
|---|
| NUK URN: | URN:SI:UNG:REP:HWZ6KC6N |
|---|
| Datum objave v RUNG: | 22.03.2021 |
|---|
| Število ogledov: | 2849 |
|---|
| Število prenosov: | 0 |
|---|
| Metapodatki: |    |
|---|
|
:
|
Kopiraj citat |
|---|
| | | | Skupna ocena: | (0 glasov) |
|---|
| Vaša ocena: | Ocenjevanje je dovoljeno samo prijavljenim uporabnikom. |
|---|
| Objavi na: |  |
|---|
Postavite miškin kazalec na naslov za izpis povzetka. Klik na naslov izpiše
podrobnosti ali sproži prenos. |
