Revisited: Monopoly and long-run capital accumulation in two-sector overlapping generation model

Artikel

In this paper, we investigate if an increasing competition in an oligopolistic market will enhance the real incomes and consumer surplus in the long run. For this purpose, we apply a two-sector overlapping generation model in which members of the young generation own the oligopolistic firms. We show that increasing competition in the oligopolistic market leads to ambiguous outcomes regarding the real income and consumer surplus in the long run. However, we show that the distribution of income will become fairer if the competition increases, but it is possible that the price for a fairer distribution is a lower income for all members of the economy.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Journal: Journal of Risk and Financial Management ; ISSN: 1911-8074 ; Volume: 14 ; Year: 2021 ; Issue: 7 ; Pages: 1-19 ; Basel: MDPI

Classification and Topics

• Classification: Wirtschaft
• Subject: consumer surplus ; oligopolistic competition ; real income ; two-sector overlapping generations

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Kumar, Ronald Ravinesh ; Stauvermann, Peter
• Event: Veröffentlichung
• (who): MDPI
• (where): Basel
• (when): 2021

Further information

• DOI: doi:10.3390/jrfm14070304
• Handle: http://hdl.handle.net/10419/258408
• Last update: 10.03.2025, 11:43 AM CET