دورية أكاديمية
Cournot-Nash Equilibrium and Perfect Competition in the Solow-Uzawa Growth Model
| العنوان: | Cournot-Nash Equilibrium and Perfect Competition in the Solow-Uzawa Growth Model |
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| المؤلفون: | Wei-Bin Zhang |
| المصدر: | Revista CEA, Vol 7, Iss 15, Pp e1801-e1801 (2021) |
| بيانات النشر: | Instituto Tecnológico Metropolitano, 2021. |
| سنة النشر: | 2021 |
| المجموعة: | LCC:Commerce LCC:Finance |
| مصطلحات موضوعية: | cournot game, perfect competition, nash equilibrium, solow model, uzawa model, Commerce, HF1-6182, Finance, HG1-9999 |
| الوصف: | The purpose of this study is to contribute to economic growth theory by introducing Cournot competition into the Solow-Uzawa neoclassical growth model with Zhang’s concept of disposable income and utility function. The Solow-Uzawa two-sector growth model deals with economic growth with two sectors with all the markets perfectly competitive. The final goods sector in this study is the same as that in the Solow model with perfect competition. The consumer goods sector is composed of two firms and characterized by Cournot competition. All the input factors are traded in perfectly competitive markets. The duopoly’s product is solely consumed by consumers. Perfectly competitive firms earn zero profit, while duopolists earn positive profits. This study assumes that the population shares the profits equally. First, we built the dynamic model. Afterward, we found a computational procedure to describe the time-dependent path of the economy and conducted comparative dynamic analyses of some parameters. Finally, we compared the economic performances of the model with Cournot competition and the perfectly competitive model. |
| نوع الوثيقة: | article |
| وصف الملف: | electronic resource |
| اللغة: | Spanish; Castilian |
| تدمد: | 2390-0725 2422-3182 24223182 |
| العلاقة: | https://revistas.itm.edu.co/index.php/revista-cea/article/view/1801Test; https://doaj.org/toc/2390-0725Test; https://doaj.org/toc/2422-3182Test |
| DOI: | 10.22430/24223182.1801 |
| الوصول الحر: | https://doaj.org/article/a39bf5bfae6a47baab6b2425147e4987Test |
| رقم الانضمام: | edsdoj.39bf5bfae6a47baab6b2425147e4987 |
| قاعدة البيانات: | Directory of Open Access Journals |
Full Text Finder | تدمد: | 23900725 24223182 |
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| DOI: | 10.22430/24223182.1801 |