... technology adopted by the firm depends on the relative size of the labor share of income ( 1 / ) and the elasticity of substitution between labor and capital ( ) is as follows : This proposition is the monopolistic competition ...
... Monopolistic Competition, Technical Progress, and Income Distribution (Rotterdam: Rotterdam University Press, 1965); Karl G. Jungenfeit, Löneandelen och den Ekonomiska UWecklingen (Stockholm: Almqvist and Wiksell, 1966). CHAPTER TWO ...
... competition " , Econ . J. 76 ( 304 ) , Dec. 66 : 786-805 . OFFICER , L. H. " The optimality of pure competition in ... Monopolistic competition , technical progress and income distribution . Rotterdam , Rotterdam University Press ...
Experts in the areas of macroeconomics, international trade theory, economic geography, and international growth theory examine the success of the second revolution in this collection of papers.
... Economic Affairs , London , 1965 . [ 10 ] Crouch , R. L. , Macro - Economics , Harcourt Brace Jovanovich , New York ... Monopolistic Competition , Technical Progress and Income Distribution , Rotterdam University Press , Rotterdam ...
chapter 16 | monopolistic competition , oligopoly and competition policy | oligopoly these do not extend to the long run , the incentive to innovate ... oligopoly market may consist of only two firms , 340 Income distribution Oligopoly.
... monopolistic competition model is Chou and Talmain (1996). In that model, house- holds have (possibly non-homothetic) ... technical progress allows for higher consumption levels per available product. With linear demand curves, the ...