NDLI: Distributional Comparative Statics with Heterogeneous Agents

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Distributional Comparative Statics with Heterogeneous Agents

Content Provider	Scilit
Author	Hefti, Andreas
Copyright Year	2016
Description	Journal: SSRN Electronic Journal We propose a general approach to study the differential effects of exogenous shocks in economic models with heterogeneous agents. Our setting applies to models that can be stated as ``competition for market shares'' in a broad sense. Examples that fit our type of structure are ubiquitous in competition theory, monopolistic competition, political economics and applied game theory.We show that even in presence of any number of arbitrarily heterogeneous agents, a single recursive relation characterizes the distributional pattern of equilibrium market shares, and related measures. We identify conceptual conditions under which the market share function rotates, thereby either causing more or less equality among the agents, and study the distributional comparative statics in examples from various economic fields.
Related Links	http://www.econ.uzh.ch/static/wp/econwp237.pdf https://papers.ssrn.com/sol3/Delivery.cfm?abstractid=2874899
ISSN	10914358
e-ISSN	15565068
DOI	10.2139/ssrn.2874899
Journal	SSRN Electronic Journal
Language	English
Publisher	Elsevier BV
Publisher Date	2016-12-24
Access Restriction	Open
Subject Keyword	Journal: SSRN Electronic Journal Cybernetical Science Heterogeneous Agents
Content Type	Text
Resource Type	Article
Subject	Public Health, Environmental and Occupational Health Psychiatry and Mental Health

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