Social Inefficiency of Free Entry with Status Effects
Publication in refereed journal


香港中文大学研究人员 ( 现职)

胡伟潮博士 (经济学系)

全文

数位物件识别号 (DOI) ○○@http://aims.cuhk.edu.hk/converis/portal/Publication/2$@○○

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Web of Sciencehttp://aims.cuhk.edu.hk/converis/portal/Publication/2WOS source URL

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摘要Free markets may support too many or too few firms. Traditional analysis does not provide unambiguous conclusion in this respect. This paper introduces status effects of consumption into the model. It shows that a sufficiently significant status effect tends to support too many firms. Two conditions are required for this result. First, complementary effect between status and consumption is not significant. Second, a higher average status consumption level makes everyone more difficult to get the same degree of gain in status. Both conditions appear to be realistic.

着者Woo WC
期刊名称Journal of Public Economic Theory
出版年份http://aims.cuhk.edu.hk/converis/portal/Publication/2013
月份4
日期1
卷号15
期次http://aims.cuhk.edu.hk/converis/portal/Publication/2
出版社WILEY-BLACKWELL
页次http://aims.cuhk.edu.hk/converis/portal/Publication/2http://aims.cuhk.edu.hk/converis/portal/Publication/29 - http://aims.cuhk.edu.hk/converis/portal/Publication/248
国际标準期刊号1097-39http://aims.cuhk.edu.hk/converis/portal/Publication/23
电子国际标準期刊号1467-9779
语言英式英语

Web of Science 学科类别Business & Economics; Economics; ECONOMICS