The New Keynesian Monetary Model. Does it Show the Comovement between Output and Inflation in the U.S. and the Euro Area? PDF Download
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Author:
Publisher: Fundacion BBVA
ISBN:
Category :
Languages : en
Pages : 56
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Author:
Publisher: Fundacion BBVA
ISBN:
Category :
Languages : en
Pages : 56
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Author: Antonio Ciccone
Publisher: Fundacion BBVA
ISBN:
Category : Human capital
Languages : en
Pages : 73
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Author: Santiago J. Rubio Jorge
Publisher: Fundacion BBVA
ISBN:
Category :
Languages : en
Pages : 52
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Author: Ramon Casadesus-Masanell
Publisher: Fundacion BBVA
ISBN:
Category :
Languages : en
Pages : 41
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This paper analyzes a dynamic mixed duopoly in which a profit-maximizing competitor interacts with a competitor that prices at zero (or marginal cost), with the cumulation of output affecting their relative positions over time. The modeling effort is motivated by interactions between Linux, an open-source operating system, and Microsoft's Windows in the computer server segment, and consequently emphasizes demand-side learning effects that generate dynamic scale economies (or network externalities). Analytical characterizations of the equilibrium under such conditions are offered, and some comparative static and welfare effects are examined.
Author:
Publisher: Fundacion BBVA
ISBN:
Category :
Languages : en
Pages : 54
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Author:
Publisher: Fundacion BBVA
ISBN:
Category :
Languages : en
Pages : 71
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Author:
Publisher: Fundacion BBVA
ISBN:
Category :
Languages : en
Pages : 32
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Author:
Publisher: Fundacion BBVA
ISBN:
Category :
Languages : en
Pages : 58
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Author:
Publisher: Fundacion BBVA
ISBN:
Category :
Languages : en
Pages : 37
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Author: Carmen Herrero
Publisher: Fundacion BBVA
ISBN:
Category :
Languages : en
Pages : 33
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