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Monopolistic competition model : The impact of technological innovation on equilibrium and social optimality. / Antoshchenkova, I. V.; Bykadorov, I. A.

In: Automation and Remote Control, Vol. 78, No. 3, 01.03.2017, p. 537-556.

Research output: Contribution to journal › Article › peer-review

Harvard

Antoshchenkova, IV & Bykadorov, IA 2017, 'Monopolistic competition model: The impact of technological innovation on equilibrium and social optimality', Automation and Remote Control, vol. 78, no. 3, pp. 537-556. https://doi.org/10.1134/S0005117917030134

APA

Antoshchenkova, I. V., & Bykadorov, I. A. (2017). Monopolistic competition model: The impact of technological innovation on equilibrium and social optimality. Automation and Remote Control, 78(3), 537-556. https://doi.org/10.1134/S0005117917030134

Vancouver

Antoshchenkova IV, Bykadorov IA. Monopolistic competition model: The impact of technological innovation on equilibrium and social optimality. Automation and Remote Control. 2017 Mar 1;78(3):537-556. doi: 10.1134/S0005117917030134

Author

Antoshchenkova, I. V. ; Bykadorov, I. A. / Monopolistic competition model : The impact of technological innovation on equilibrium and social optimality. In: Automation and Remote Control. 2017 ; Vol. 78, No. 3. pp. 537-556.

BibTeX

@article{265a0e0497ba42b8b0f9ba6d1ef3cad1,
title = "Monopolistic competition model: The impact of technological innovation on equilibrium and social optimality",
abstract = "This paper considers a monopolistic competition model with the endogenous choice of technology in the closed economy case. Our aim is to obtain the comparative statics of the equilibrium and socially optimal solutions with respect to the technological innovation parameter that affects costs. The key findings are the following: consumption and investments in productivity both increase with the growth of technological innovation; the behavior of the equilibrium variables depends on the elasticity of demand only; the behavior of the socially optimal variables depends on the elasticity of utility only; finally, the behavior of the equilibrium and socially optimal variables does not depend on the properties of the costs as a function of investments in R&D.",
author = "Antoshchenkova, {I. V.} and Bykadorov, {I. A.}",
year = "2017",
month = mar,
day = "1",
doi = "10.1134/S0005117917030134",
language = "English",
volume = "78",
pages = "537--556",
journal = "Automation and Remote Control",
issn = "0005-1179",
publisher = "Maik Nauka-Interperiodica Publishing",
number = "3",

}

RIS

TY - JOUR

T1 - Monopolistic competition model

T2 - The impact of technological innovation on equilibrium and social optimality

AU - Antoshchenkova, I. V.

AU - Bykadorov, I. A.

PY - 2017/3/1

Y1 - 2017/3/1

N2 - This paper considers a monopolistic competition model with the endogenous choice of technology in the closed economy case. Our aim is to obtain the comparative statics of the equilibrium and socially optimal solutions with respect to the technological innovation parameter that affects costs. The key findings are the following: consumption and investments in productivity both increase with the growth of technological innovation; the behavior of the equilibrium variables depends on the elasticity of demand only; the behavior of the socially optimal variables depends on the elasticity of utility only; finally, the behavior of the equilibrium and socially optimal variables does not depend on the properties of the costs as a function of investments in R&D.

AB - This paper considers a monopolistic competition model with the endogenous choice of technology in the closed economy case. Our aim is to obtain the comparative statics of the equilibrium and socially optimal solutions with respect to the technological innovation parameter that affects costs. The key findings are the following: consumption and investments in productivity both increase with the growth of technological innovation; the behavior of the equilibrium variables depends on the elasticity of demand only; the behavior of the socially optimal variables depends on the elasticity of utility only; finally, the behavior of the equilibrium and socially optimal variables does not depend on the properties of the costs as a function of investments in R&D.

UR - http://www.scopus.com/inward/record.url?scp=85014892595&partnerID=8YFLogxK

U2 - 10.1134/S0005117917030134

DO - 10.1134/S0005117917030134

M3 - Article

AN - SCOPUS:85014892595

VL - 78

SP - 537

EP - 556

JO - Automation and Remote Control

JF - Automation and Remote Control

SN - 0005-1179

IS - 3

ER -

ID: 10064467