Asymmetric Price Competition with Price Inertia
In: The Rand journal of economics, Band 25, Heft 4, S. 608
ISSN: 1756-2171
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In: The Rand journal of economics, Band 25, Heft 4, S. 608
ISSN: 1756-2171
In: The Rand journal of economics, Band 21, Heft 1, S. 63
ISSN: 1756-2171
In: Mathematical social sciences, Band 127, S. 99-104
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In: NBER Working Paper No. w28017
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In: Kelley School of Business Research Paper No. 16-33
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Working paper
In: Kelley School of Business Research Paper No. 16-78
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Working paper
In: The B.E. journal of economic analysis & policy, Band 11, Heft 1
ISSN: 1935-1682
Abstract
This paper explores the relationship between income distribution, prices, production efficiency and aggregate output in a decentralized search economy. We show that income distribution determines how competitive prices are and thereby affects production efficiency and aggregate output. It is shown that, under reasonable assumptions, it is possible to engineer a judicious transfer of income from high to low income individuals, which increases income equality, leads to more competitive prices, and increases aggregate output.
In: Journal of political economy, Band 113, Heft 5, S. 1146-1162
ISSN: 1537-534X
In: The Rand journal of economics, Band 31, Heft 2, S. 237
ISSN: 1756-2171
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In: Journal of economic dynamics & control, Band 154, S. 104704
ISSN: 0165-1889
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Working paper
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