Scholarlink

<p>In this paper, we examine the outcome of different market structures using a three-sector overlapping generations model for an economy consisting of competitive final good, a competitive intermediate good and an oligopolistic intermediate goods sector. Given an oligopolistic sector, we analyze if an increase of the numbers of competitors will cause an increase of welfare in the steady-state equilibrium. Our analyses show that greater competition will not necessarily lead to an increase of real income and welfare in the long run. Moreover, more competition affects the allocation of input factors and redistributes income from the young to the old generation.</p>

错误：搜索内容不能为空，请输入英文关键词
错误：关键词超出字数限制，请精简
高级检索

The effects of imperfect competition and antitrust measures in a three-sector OLG model

  • 期刊论文

  • 发表日期：

    2025年6月21日

查看全文
  • Peter J. Stauvermann,
  • Jin Hu,
  • Ronald R. Kumar

摘要

In this paper, we examine the outcome of different market structures using a three-sector overlapping generations model for an economy consisting of competitive final good, a competitive intermediate good and an oligopolistic intermediate goods sector. Given an oligopolistic sector, we analyze if an increase of the numbers of competitors will cause an increase of welfare in the steady-state equilibrium. Our analyses show that greater competition will not necessarily lead to an increase of real income and welfare in the long run. Moreover, more competition affects the allocation of input factors and redistributes income from the young to the old generation.