Does higher degree of monopoly imply worse results for output and employment?

In an economy producing n symmetric goods (where n is an integer number equal or greater than one), monopolistic competition produces smaller output and employment than perfect competition. The inferiority of the equilibrium is directly related to the number of goods produced and to the returns of l...

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Detalles Bibliográficos
Autor principal: Alejandro Rodríguez Arana
Formato: Artículo científico
Publicado: Universidad Autónoma Metropolitana Unidad Azcapotzalco 2007
Materias:
Economía y Finanzas
Monopoly
inter-industry coalition
intra-industry coalition
prices
wage
Acceso en línea:http://www.redalyc.org/articulo.oa?id=41311486006
http://biblioteca.clacso.edu.ar/gsdl/cgi-bin/library.cgi?a=d&c=mx/mx-022&d=41311486006oai
Aporte de:
Red de Bibliotecas Virtuales de Ciencias Sociales (CLACSO) de Consejo Latinoamericano de Ciencias Sociales
id I16-R122-41311486006oai
record_format dspace
institution Consejo Latinoamericano de Ciencias Sociales
institution_str I-16
repository_str R-122
collection Red de Bibliotecas Virtuales de Ciencias Sociales (CLACSO)
topic Economía y Finanzas
Monopoly
inter-industry coalition
intra-industry coalition
prices
wage
spellingShingle Economía y Finanzas
Monopoly
inter-industry coalition
intra-industry coalition
prices
wage
Alejandro Rodríguez Arana
Does higher degree of monopoly imply worse results for output and employment?
topic_facet Economía y Finanzas
Monopoly
inter-industry coalition
intra-industry coalition
prices
wage
description In an economy producing n symmetric goods (where n is an integer number equal or greater than one), monopolistic competition produces smaller output and employment than perfect competition. The inferiority of the equilibrium is directly related to the number of goods produced and to the returns of labour on production (when there is just one good perfect competition and monopoly are equivalent). Therefore, inter-industry coalitions among monopolistic competitors approach the economy to the perfect competition equilibrium. In the limit, when all monopolistic competitors collude, the ex ante recognition of symmetries implies an identical equilibrium than perfect competition.
format Artículo científico
Artículo científico
author Alejandro Rodríguez Arana
author_facet Alejandro Rodríguez Arana
author_sort Alejandro Rodríguez Arana
title Does higher degree of monopoly imply worse results for output and employment?
title_short Does higher degree of monopoly imply worse results for output and employment?
title_full Does higher degree of monopoly imply worse results for output and employment?
title_fullStr Does higher degree of monopoly imply worse results for output and employment?
title_full_unstemmed Does higher degree of monopoly imply worse results for output and employment?
title_sort does higher degree of monopoly imply worse results for output and employment?
publisher Universidad Autónoma Metropolitana Unidad Azcapotzalco
publishDate 2007
url http://www.redalyc.org/articulo.oa?id=41311486006
http://biblioteca.clacso.edu.ar/gsdl/cgi-bin/library.cgi?a=d&c=mx/mx-022&d=41311486006oai
work_keys_str_mv AT alejandrorodriguezarana doeshigherdegreeofmonopolyimplyworseresultsforoutputandemployment
bdutipo_str Repositorios
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