Agricultural monopolistic competitor and the Pigovian tax
  • Metaadatok
Tartalom: http://repo.aki.gov.hu/2169/
Archívum: AKI Repository
Gyűjtemény: Status = Published
Subject = Q - Agricultural and Natural Resource Economics – Environmental and Ecological Economics: Q00 - General
Subject = Q - Agricultural and Natural Resource Economics – Environmental and Ecological Economics
Type = Article
Cím:
Agricultural monopolistic competitor and the Pigovian tax
Létrehozó:
Jablanović, Vesna D.
Kiadó:
Agrárgazdasági Kutató Intézet
Dátum:
2013
Téma:
Q - Agricultural and Natural Resource Economics – Environmental and Ecological Economics
Q00 - General
Tartalmi leírás:
A monopolistically competitive agricultural market structure has some features of competition and some features of monopoly. Monopolistic competition has the following attributes: (a) many sellers; (b) product differentiation; and (c) free entry. In the long-run equilibrium, price equals average total cost, and the agricultural firm earns zero economic profit. The aim of this paper is to construct a relatively simple chaotic long-run monopolistic competitor’s agricultural output growth model that is capable of generating stable equilibria, cycles or chaos. A key hypothesis of this work is based on the idea that the coefficient plays a crucial role in explaining local stability of the monopolistic competitor’s agricultural output, where d is the coefficient of the marginal cost function of the agricultural monopolistic competitor; b is the coefficient of the inverse demand function; a is the coefficient of average cost growth; m is the Pigovian tax rate; and e is the coefficient of the price elasticity of demand.
Nyelv:
magyar
Típus:
Article
PeerReviewed
Formátum:
application/pdf
Azonosító:
Jablanović, Vesna D. (2013): Agricultural monopolistic competitor and the Pigovian tax. Studies in Agricultural Economics, 115 (1). pp. 57-60. ISSN 2063 0476
Kapcsolat:
10.7896/j.1224