Результаты исследований: Научные публикации в периодических изданиях › статья › Рецензирование
Monopolistic competition model : The impact of technological innovation on equilibrium and social optimality. / Antoshchenkova, I. V.; Bykadorov, I. A.
в: Automation and Remote Control, Том 78, № 3, 01.03.2017, стр. 537-556.Результаты исследований: Научные публикации в периодических изданиях › статья › Рецензирование
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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