Repozitorij Univerze v Novi Gorici

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Naslov:Industry equilibrium and welfare in monopolistic competition under uncertainty
Avtorji:Shapoval, Alexander (Avtor)
Goncharenko, V. M. (Avtor)
Datoteke:Gradivo nima datotek. Gradivo je morda fizično dosegljivo v knjižnici fakultete, zalogo lahko preverite v COBISS-u. Povezava se odpre v novem oknu
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:iss. 2, Vol. 130
COBISS_ID:56699651 Povezava se odpre v novem oknu
UDK:33
ISSN pri članku:0931-8658
URN:URN:SI:UNG:REP:HWZ6KC6N
DOI:10.1007/s00712-019-00687-3 Povezava se odpre v novem oknu
Število ogledov:523
Število prenosov:0
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Področja:Gradivo ni uvrščeno v področja.
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Skupna ocena:(0 glasov)
Vaša ocena:Ocenjevanje je dovoljeno samo prijavljenim uporabnikom.

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Gradivo je del revije

Naslov:Journal of economics
Skrajšan naslov:J. econ.
Založnik:Springer
ISSN:0931-8658
COBISS.SI-ID:10672729 Novo okno

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