Equilibrium price distribution with directed technical change

Pedro Gil, Fernanda Figueiredo and Oscar Afonso

Economics Letters, 2010, vol. 108, issue 2, 130-133

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.

Keywords: Price; distribution; Directed; technical; change; Scale; effects; Labour; endowment (search for similar items in EconPapers)
Date: 2010
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Working Paper: Equilibrium Price Distribution with Directed Technical Change (2009)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:108:y:2010:i:2:p:130-133

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