On input market surplus and its relation to the downstream market game.
In order to analyze the welfare effects of price changes in input markets - following for example a price-fixing conspiracy - economists have studied the relationship between the surplus measured in the input markets and the surplus in the output markets. The latest results hinge on simplifying assu...
| Publicado en: | Canadian Journal of Economics Vol. 46; no. 1; pp. 266 - 282 |
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| Formato: | Artículo |
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Wiley-Blackwell
Feb2013
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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=ssf&AN=85674889&site=ehost-live header: @attributes: shortDbName: ssf uiTerm: 85674889 longDbName: Social Sciences Full Text (H.W. Wilson) uiTag: AN controlInfo: bkinfo: jinfo: jid: 00084085 CJE jtl: Canadian Journal of Economics issn: 00084085 maglogo: Y pubinfo: dt: Feb2013 vid: 46 iid: 1 pid: 480 pub: Wiley-Blackwell artinfo: ui: 85674889 10.1111/caje.12011 ppf: 266 ppct: 16 formats: tig: atl: On input market surplus and its relation to the downstream market game. aug: au: Basso, Leonardo J. affil: Civil Engineering DepartmENt, Universidad de Chile su: Markets Game theory Economic demand Economists Welfare economics Surplus (Economics) Price fixing Potential functions sug: subj: Markets Game theory Economic demand Economists Welfare economics Surplus (Economics) Price fixing Potential functions keyword: D43 D61 L13 D43 D61 L13 ab: In order to analyze the welfare effects of price changes in input markets - following for example a price-fixing conspiracy - economists have studied the relationship between the surplus measured in the input markets and the surplus in the output markets. The latest results hinge on simplifying assumptions, which are relaxed here by linking the input markets surplus question to another stream of literature, which characterizes functions that oligopolists collectively, yet unintentionally, maximize. It is shown that the area under the input demands is equal to the change in a function for which critical points coincide with the equilibria of the downstream game. A particular case of these functions is the exact potential function. pubtype: Academic Journal doctype: Article src: R language: English refInfo: copyright: @attributes: flag: N holdings: @attributes: islocal: N |
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