...
首页> 外文期刊>Journal of Economic Dynamics and Control >A Variety-expansion Model Of Growth With External habit Formation
【24h】

A Variety-expansion Model Of Growth With External habit Formation

机译:具有外部习惯养成的品种扩展模型

获取原文
获取原文并翻译 | 示例
           

摘要

This paper introduces consumption externalities into one of the base line models of growth in which continuing expansion of product variety sustains long-term growth. We assume that consumers set a benchmark stock of consumption for each good so that there are commodity-specific external effects. Each good is produced by a monopolistically competitive firm and the firm exploits the presence of consumption external effects in determining its profit-maximizing price. Given those settings, we show that the introduction of consumption externalities may affect the balanced-growth characterization, transitional dynamics and policy effects in fundamental manners.
机译:本文将消费外部性引入了一种增长的基准模型中,在该模型中,产品种类的不断扩展可维持长期增长。我们假设消费者为每种商品设定了基准的消费存量,以便产生特定于商品的外部影响。每个商品都是由垄断竞争的公司生产的,并且该公司在确定其利润最大化价格时利用了消费外部效应的存在。在这些条件下,我们表明,引入消费外部性可能会从根本上影响均衡增长的特征,过渡动力和政策效果。

著录项

相似文献

  • 外文文献
  • 中文文献
  • 专利
获取原文

客服邮箱:kefu@zhangqiaokeyan.com

京公网安备:11010802029741号 ICP备案号:京ICP备15016152号-6 六维联合信息科技 (北京) 有限公司©版权所有
  • 客服微信

  • 服务号