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Income Dispersion (income + dispersion)

Distribution by Scientific Domains
Business, Economics, Finance and Accounting100%

Selected Abstracts

A MODEL OF MONOPOLISTIC COMPETITION WITH PERSONAL INCOME DISPERSION

METROECONOMICA, Issue 3 2005
Corrado Benassi
ABSTRACT We introduce non-homothetic preferences in the Dixit,Stiglitz model of monopolistic competition, and enquire about the effects of a change in income dispersion on the firms' optimal decisions and market equilibrium. Income dispersion, modeled as a mean preserving spread, is shown to affect only the degree of product differentiation under the standard negligibility hypothesis on the firms' decision making process, while it generates a positive co-movement of demand and demand elasticity, when this assumption is removed and the price index effect is taken into account. [source]

INCOME DISPERSION AND PRICE DISCRIMINATION

PACIFIC ECONOMIC REVIEW, Issue 1 2006
Yong He
We first derive the linear demand curve in each market under plausible conditions, and then show that more markets (and consumers) are excluded under uniform pricing the higher are the inter-market income differences. We also show that adding markets, even of lower income levels than those of existing markets, helps to decrease prices and thus cause more markets to be served. Implications of intra-market income dispersion are also explored. [source]

A MODEL OF MONOPOLISTIC COMPETITION WITH PERSONAL INCOME DISPERSION

METROECONOMICA, Issue 3 2005
Corrado Benassi
ABSTRACT We introduce non-homothetic preferences in the Dixit,Stiglitz model of monopolistic competition, and enquire about the effects of a change in income dispersion on the firms' optimal decisions and market equilibrium. Income dispersion, modeled as a mean preserving spread, is shown to affect only the degree of product differentiation under the standard negligibility hypothesis on the firms' decision making process, while it generates a positive co-movement of demand and demand elasticity, when this assumption is removed and the price index effect is taken into account. [source]

INCOME DISPERSION AND PRICE DISCRIMINATION

PACIFIC ECONOMIC REVIEW, Issue 1 2006
Yong He
We first derive the linear demand curve in each market under plausible conditions, and then show that more markets (and consumers) are excluded under uniform pricing the higher are the inter-market income differences. We also show that adding markets, even of lower income levels than those of existing markets, helps to decrease prices and thus cause more markets to be served. Implications of intra-market income dispersion are also explored. [source]

Market integration in Russia during the transformation years,

THE ECONOMICS OF TRANSITION, Issue 3 2003
Konstantin Gluschenko
Abstract A cross-sectional relationship among Russian regions between price dispersion and per capita income dispersion is used to measure the degree of integration between regional commodity markets. The sequence of cross-sectional estimations for each month of the period spanning 1992 through 2000 provides the temporal pattern of market integration in Russia, yielding an integration trajectory. The regional fragmentation of the national market increased during the early years of transition but integration has subsequently tended to improve notwithstanding occasional deviations from this trend. [source]