Equilibrium Price Distribution with Directed Technical Change
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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- Acemoglu, Daron & Zilibotti, Fabrizio, 1998.
660, Stockholm University, Institute for International Economic Studies.
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