Derived factor demand under monopoly

Thorsten Bayindir-Upmann ()
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Thorsten Bayindir-Upmann: Institute of Mathematical Economics, University of Bielefeld, P. O. Box 100131, 33501 Bielefeld, GERMANY

Economic Theory, 2002, vol. 20, issue 3, 629-636

Abstract: We generalize the formula provided by Maurice and Ferguson (1973) for derived factor demand in a monopoly by extending it to cross-price effects and taking into account other variables which may, within an general-equilibrium framework, affect demand, such as income. Hopefully, both features increase the applicability of this formula in general-equilibrium analyses.

Keywords: Derived factor demand; Monopoly. (search for similar items in EconPapers)
JEL-codes: D21 D42 (search for similar items in EconPapers)
Date: 2002-03-21
Note: Received: April 5, 2000; revised version: June 7, 2001
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