教師資料查詢 | 類別: 會議論文 | 教師: 洪小文 Hung,Hsiao Wen (瀏覽個人網頁)

標題:Monopoly Power, Increasing Returns to Variety, and Local Indeterminacy
學年97
學期2
發表日期2009/03/13
作品名稱Monopoly Power, Increasing Returns to Variety, and Local Indeterminacy
作品名稱(其他語言)
著者Chang, Juin-jen; Hung, Hsiao-wen; Huang, Chun-chieh
作品所屬單位淡江大學產業經濟學系
出版者Taipei: Department of Industrial Economics, Tamkang University
會議名稱2009 International Conference on Trade, Industrial and Regional Economics
會議地點Taipei, Taiwan
摘要The required degree of increasing returns-to-scale to satisfy the Benhabib-Farmer condition for local indeterminacy is too high to be empirically plausible. In the paper, we develop a natural extension of Benhabib and Farmer's (1994, Journal of Economic Theory) model by introducing aggregation increasin! returns to variety. It is shown that an increase in the degree of monopoly power can create increasing retuns to an expansion in variety which decreases reliance on the degree of increasing returns-to-scale in production for generating local indeterminacy. As the degree of monopoly power increases, the required degree of increasing returns for local indeterminacy decreases monotonically. As a result, our numerical analysis indicates that the required degree of increasing returns for local indeterminacy can be easily located in the empirically plausible range.
關鍵字Local indeterminacy; increasing returns to variety; entry
語言英文
收錄於
會議性質國際
校內研討會地點淡水校園
研討會時間20090313~20090314
通訊作者Hung, Hsiao-wen
國別中華民國
公開徵稿Y
出版型式紙本
出處2009 International Conference on Trade, Industrial and Regional Economics, 16p
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