Corrado
Benassi
,
Roberto
Cellini
,
Alessandra
Chirco
|
Full Version (PDF)
|
Income distribution affects demand and its elasticity, and, as a consequence, the optimal behaviour of firms and market equilibrium. This paper focuses on the effects of income polarisation, and presents a model where for any unimodal density function describing income distribution of the consumers income polarisation leads to market concentration, i.e., to a smaller number of firms able to survive in the long run, provided that the firms’ fixed costs are succiently low.
Table of Contents
Introduction |
PDF
|
Corrado
Benassi
,
Roberto
Cellini
,
Alessandra
Chirco
|
2-3 |
The basic model |
PDF
|
Corrado
Benassi
,
Roberto
Cellini
,
Alessandra
Chirco
|
3-7 |
Income distribution and the number of firms |
PDF
|
Corrado
Benassi
,
Roberto
Cellini
,
Alessandra
Chirco
|
7-9 |
Final comments |
PDF
|
Corrado
Banassi
,
Roberto
Cellini
,
Alessandra
Chirco
|
9-11 |
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