کد مقاله | کد نشریه | سال انتشار | مقاله انگلیسی | نسخه تمام متن |
---|---|---|---|---|
5059157 | 1371776 | 2014 | 6 صفحه PDF | دانلود رایگان |
عنوان انگلیسی مقاله ISI
Competition in the traditional sector does not matter for the 'Core-Periphery' model
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کلمات کلیدی
موضوعات مرتبط
علوم انسانی و اجتماعی
اقتصاد، اقتصادسنجی و امور مالی
اقتصاد و اقتصادسنجی
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چکیده انگلیسی
We modify Paul Krugman's (1991) 'Core-Periphery' model by replacing the traditional competitive sector with a monopolistically competitive one. We show that the structure of spatial equilibria remains the same as in the original model. This result continues to hold true under Cournot or Bertrand oligopolistic competition with free entry in the traditional sector. The key factor that explains why the nature of competition in the traditional sector does not matter for the spatial equilibria is constant expenditure shares-due to nested Cobb-Douglas and CES preferences-which imply that trade in the traditional sector is independent from its sectoral characteristics.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Economics Letters - Volume 122, Issue 1, January 2014, Pages 94-99
Journal: Economics Letters - Volume 122, Issue 1, January 2014, Pages 94-99
نویسندگان
Kristian Behrens, Sergey Kichko, Evgeny Zhelobodko,