On Market Equilibrium Analysis
探讨部分价格内生决定时竞争市场均衡对生产和家庭行为的影响,推导市场均衡函数的斯卢茨基型方程,并分析定价政策和技术变化的多市场福利效应。
Abstract In this paper we develop the implications of competitive market equilibrium for production and household behavior when some prices are endogenously determined. The properties of market equilibrium functions are explored, including the effects of pricing policy. A Slutsky‐type equation relating compensated and uncompensated market equilibrium functions is derived. Implications for multimarket welfare analysis are presented, focusing on the effects of pricing policy and technical change.