On the Number and the Composition of Varieties
Bibliographic Data
| ID | 9716959 |
|---|---|
| Authors | Yasusada Murata (Nihon University, corresponding author) |
| Year | 2009 |
| Volume | 119 |
| Issue | 539 |
| Pages | 1065-1087 |
| Publication date | 2009-07-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | The Economic Journal (JOURNAL) |
| Journal identifiers | ISSN: 0013-0133 • E-ISSN: 1468-0297 |
| Publisher | Oxford University Press (OUP) (PUBLISHER) |
| DOI | 10.1111/j.1468-0297.2009.02264.x |
| OpenAlex | W2104823151 |
| Language | EN |
| Citations received | 2 |
| References cited | 28 |
I propose a simple general equilibrium model with nonhomothetic preferences and productivity differences and analyse the number and the composition of varieties in consumption. I obtain the following three results. First, population and labour efficiency have different roles in the income elasticity of demand, thus having different impacts on the number of final goods. Second, given the number of final goods, the composition of varieties is determined by the relative importance of desirability and technological feasibility of each final good. Finally, the equilibrium number and composition of final goods may not necessarily be the same as the optimal ones. Copyright © The Author(s). Journal compilation © Royal Economic Society 2009
Art · Composition (language · Library science · Literature · Computer Science · Economic Growth and Productivity · Firm Innovation and Growth · Global trade and economics · History
Innovation and growth in the global economy
Invention and Economic Growth
Productivity Differences
International Comparisons of the Structure of Production
Market Size, Trade, and Productivity
Income Distribution, Market Size, and Industrialization
Hierarchic Demand and the Engel Curve for Variety
Why does asset inequality affect unemployment? A study of the demand composition problem
A dynamic general equilibrium model of industrialization when manufactures are unnecessary
Rural–urban interdependence and industrialization
Start-up costs and pecuniary externalities as barriers to economic development
The Rise of Mass Consumption Societies
A Ricardian Model with a Continuum of Goods under Nonhomothetic Preferences
Endogenous Technological Change
Learning by Doing and the Introduction of New Goods
Why do Some Countries Produce So Much More Output Per Worker than Others
| Unique citing works | 2 |
|---|---|
| Citations per year | 0,22 |
| Citation span | 2017 - 2017 (1) |
| Citation velocity | historical |
| Highly cited | No |
| Citation types | Neutral: 2 |