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Equilibrium Price Distribution with Directed Technical Change

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Author Info
Pedro Mazeda Gil () (CEF.UP and Faculdade de Economia, Universidade do Porto, Portugal)
Fernanda Figueiredo () (CEAUL and Faculdade de Economia, Universidade do Porto, Portugal)
Oscar Afonso () (CEF.UP, OBEGEF and Faculdade de Economia, Universidade do Porto, Portugal)

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Abstract

This paper studies a non-degenerate price distribution for the homogeneous good within a model of endogenous directed technical change. A probability density function is analytically derived and shown to be related to the technology and innovation parameters of the model.

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Publisher Info
Paper provided by Universidade do Porto, Faculdade de Economia do Porto in its series FEP Working Papers with number 327.

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Length: 8 pages
Date of creation: Jul 2009
Date of revision:
Handle: RePEc:por:fepwps:327

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Related research
Keywords: price distribution; directed technical change; scale effects; labour endowment;

Find related papers by JEL classification:
D41 - Microeconomics - - Market Structure and Pricing - - - Perfect Competition
D43 - Microeconomics - - Market Structure and Pricing - - - Oligopoly and Other Forms of Market Imperfection
O41 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - One, Two, and Multisector Growth Models

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References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
  1. Carlson, John A & McAfee, R Preston, 1983. "Discrete Equilibrium Price Dispersion," Journal of Political Economy, University of Chicago Press, vol. 91(3), pages 480-93, June. [Downloadable!] (restricted)
  2. Jones, Charles I, 1995. "Time Series Tests of Endogenous Growth Models," The Quarterly Journal of Economics, MIT Press, vol. 110(2), pages 495-525, May. [Downloadable!] (restricted)
  3. Kultti, Klaus & Virrankoski, Juha, 2004. "Price distribution in a random matching model," Economics Letters, Elsevier, vol. 83(3), pages 405-409, June. [Downloadable!] (restricted)
  4. Elias Dinopoulos & Peter Thompson, 1999. "Scale effects in Schumpeterian models of economic growth," Journal of Evolutionary Economics, Springer, vol. 9(2), pages 157-185. [Downloadable!] (restricted)
  5. McAfee R. Preston, 1995. "Multiproduct Equilibrium Price Dispersion," Journal of Economic Theory, Elsevier, vol. 67(1), pages 83-105, October. [Downloadable!] (restricted)
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