ON THE PREDICTIVE CONTENT OF MODELS OF MONOPOLISTIC COMPETITION.
The main results of the analysis can be briefly summarized. It was shown that it is possible to specify the nature of the effects of advertising on the demand function of a monopolistically competitive firm in a fashion which leads to meaningful and testable hypotheses. The approach followed in this...
| Publicado en: | Southern Economic Journal Vol. 36; no. 1; pp. 67 - 74 |
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| Formato: | Artículo |
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Wiley-Blackwell
Jul69
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| Acceso en línea: | Ver este registro en EBSCOhost |
| fields | @attributes: recordID: 1 pdfLink: plink: https://search.ebscohost.com/login.aspx?direct=true&db=hlh&AN=5164311&site=ehost-live header: @attributes: shortDbName: hlh uiTerm: 5164311 longDbName: Humanities International Complete uiTag: AN controlInfo: bkinfo: jinfo: jid: 00384038 SEJ jtl: Southern Economic Journal issn: 00384038 maglogo: N pubinfo: dt: Jul69 vid: 36 iid: 1 pid: 480 pub: Wiley-Blackwell artinfo: ui: 5164311 10.2307/1056810 ppf: 67 ppct: 7 formats: tig: atl: ON THE PREDICTIVE CONTENT OF MODELS OF MONOPOLISTIC COMPETITION. aug: au: Hadar, Josef su: Advertising Demand function sug: subj: Advertising Demand function ab: The main results of the analysis can be briefly summarized. It was shown that it is possible to specify the nature of the effects of advertising on the demand function of a monopolistically competitive firm in a fashion which leads to meaningful and testable hypotheses. The approach followed in this paper produced a model in which the effects of changes in the shift parameters on the levels of output and advertising are always determinate. Furthermore, we saw that if the firm is a competitive buyer of advertising, then it turns out that the advertising ratio is invariant to changes in parameters belonging to a certain class, an example of which is an excise tax. Changes in parameters in the latter class also result in a predictable 4 Sufficient conditions for stability of much an adjustment process are given in Hadar [4]. change in the price of the firm's output, since the price always moves in a direction opposite to that of the change in output whenever output and advertising change by the same proportion. pubtype: Academic Journal doctype: Article src: R language: English refInfo: copyright: @attributes: flag: Y dt: @attributes: year: 1969 holdings: @attributes: islocal: N |
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