Equilibrium Price Distribution with Directed Technical Change

Pedro Gil, Fernanda Figueiredo () and Oscar Afonso
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Fernanda Figueiredo: CEAUL and Faculdade de Economia, Universidade do Porto, Portugal

FEP Working Papers from Universidade do Porto, Faculdade de Economia do Porto

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)
JEL-codes: D41 D43 O41 (search for similar items in EconPapers)
Pages: 8 pages
Date: 2009-07
New Economics Papers: this item is included in nep-mic
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Related works:
Journal Article: Equilibrium price distribution with directed technical change (2010)
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Persistent link: https://EconPapers.repec.org/RePEc:por:fepwps:327

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