| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP14168 |
| DP14168 Decoupling the CES distribution circle with quality and beyond: equilibrium distributions and the CES-Logit nexus | |
| Simon Anderson; André de Palma | |
| 发表日期 | 2019-12-04 |
| 出版年 | 2019 |
| 语种 | 英语 |
| 摘要 | We show for CES demands with heterogeneous productivities that profit, revenue, and output distributions lie in the same closed power-family as the productivity distribution (e.g., the "Pareto circle"). The price distribution lies in the inverse power-family. Equilib- rium distribution shapes are linked by linear relations between their density elasticities. Introducing product quality decouples the CES circle, and reconciles Pareto price and Pareto sales revenue distributions. We use discrete choice underpinnings to find variable mark-ups for a more flexible demand formulation bridging CES to Logit and beyond. For logit demand, exponential (resp. normal) quality-cost distributions generate Pareto (log-normal) economic size distributions. |
| 主题 | Industrial Organization ; International Trade and Regional Economics |
| 关键词 | Ces Monopolistic competition Quality Closed power-family distributions Pareto Power Generalised (log-)normal Logit Mark-ups Box-cox |
| URL | https://cepr.org/publications/dp14168 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/543055 |
| 推荐引用方式 GB/T 7714 | Simon Anderson,André de Palma. DP14168 Decoupling the CES distribution circle with quality and beyond: equilibrium distributions and the CES-Logit nexus. 2019. |
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