| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP15475 |
| DP15475 Constant Pass-Through | |
| Kiminori Matsuyama; Philip Ushchev | |
| 发表日期 | 2020-11-20 |
| 出版年 | 2020 |
| 语种 | 英语 |
| 摘要 | We propose and characterize parametric families of homothetic demand systems, which feature a constant pass-through rate that is common across otherwise heterogenous monopolistically competitive firms. These parametric families offer natural, flexible, and yet tractable extensions of CES. In the case of complete pass-through, the markup rate is constant, as in CES, yet it can be heterogenous across firms, unlike in CES. In the case of incomplete pass-thorough, the price of each firm is log-linear in its marginal cost and its choke price with the common coefficients across firms. Tougher competition, captured by a lower “average price,” reduces the prices of all firms at a uniform rate, and hence without affecting their relative prices. Yet, it causes a disproportionately larger decline in the revenue and the profit among firms with lower markup rates. |
| 主题 | Industrial Organization ; International Macroeconomics and Finance ; International Trade and Regional Economics ; Macroeconomics and Growth ; Monetary Economics and Fluctuations |
| 关键词 | Homothetic demand systems Constant pass-through (copath) Constant price elasticity (cpe) Constant elasticity of substitution (ces) H.s.a. H.d.i.a. H.i.i.a. Monopolistic competition Heterogenous firms |
| URL | https://cepr.org/publications/dp15475 |
| 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/544471 |
| 推荐引用方式 GB/T 7714 | Kiminori Matsuyama,Philip Ushchev. DP15475 Constant Pass-Through. 2020. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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