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 en
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 TWN
公開徵稿 Y
出版型式 紙本
出處 2009 International Conference on Trade, Industrial and Regional Economics, 16p
相關連結

機構典藏連結 ( http://tkuir.lib.tku.edu.tw:8080/dspace/handle/987654321/66517 )

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