| Publikationstyp: | Working Paper – Gutachten – Studie |
| Titel: | Distributional comparative statics with heterogeneous agents |
| Autor/-in: | Hefti, Andreas |
| DOI: | 10.2139/ssrn.2874899 |
| Umfang: | 55 |
| Erscheinungsdatum: | 2016 |
| Reihe: | Working Paper Series |
| Reihenzählung: | 237 |
| Verlag / Hrsg. Institution: | University of Zurich |
| Verlag / Hrsg. Institution: | Zurich |
| ISSN: | 1664-7041 1664-705X |
| Sprache: | Englisch |
| Schlagwörter: | Heterogeneity; Inequality; Monopolistic competition; General equilibrium |
| Fachgebiet (DDC): | 330: Wirtschaft |
| Zusammenfassung: | We propose a formal way to systematically study the differential effects of exogenous shocks in economic models with heterogeneous agents. Our setting applies to models that can be rephrased as "competition for market shares" in a broad sense. We show that even in presence of any number of arbitrarily heterogeneous agents, a single recursion relation characterizes the distributional pattern of equilibrium market shares and related measures. We identify the general conditions under which the market share function rotates, thereby either causing more or less equality among the agents. Our setting highlights the exceptional rule that power functions play for the distributional effects. We apply our method across economic models, including examples from monopolistic competition, discrete choice, partial and general equilibrium theory and contest theory. |
| URI: | https://digitalcollection.zhaw.ch/handle/11475/15978 |
| Lizenz (gemäss Verlagsvertrag): | Lizenz gemäss Verlagsvertrag |
| Departement: | School of Management and Law |
| Organisationseinheit: | Zentrum für Energie und Umwelt (CEE) |
| Enthalten in den Sammlungen: | Publikationen School of Management and Law |
Dateien zu dieser Ressource:
Es gibt keine Dateien zu dieser Ressource.
Zur Langanzeige
Hefti, A. (2016). Distributional comparative statics with heterogeneous agents. University of Zurich. https://doi.org/10.2139/ssrn.2874899
Hefti, A. (2016) Distributional comparative statics with heterogeneous agents. Zurich: University of Zurich. Available at: https://doi.org/10.2139/ssrn.2874899.
A. Hefti, “Distributional comparative statics with heterogeneous agents,” University of Zurich, Zurich, 2016. doi: 10.2139/ssrn.2874899.
HEFTI, Andreas, 2016. Distributional comparative statics with heterogeneous agents. Zurich: University of Zurich
Hefti, Andreas. 2016. “Distributional Comparative Statics with Heterogeneous Agents.” Zurich: University of Zurich. https://doi.org/10.2139/ssrn.2874899.
Hefti, Andreas. Distributional Comparative Statics with Heterogeneous Agents. University of Zurich, 2016, https://doi.org/10.2139/ssrn.2874899.
Alle Ressourcen in diesem Repository sind urheberrechtlich geschützt, soweit nicht anderweitig angezeigt.