2012
DOI: 10.1016/j.jedc.2011.12.003
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Variety matters

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Cited by 18 publications
(25 citation statements)
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“…Similarly, Bénassy (1996) draws the conclusion that output persistence is independent of the monopoly power. See also, for example, Pavlov and Weder (2012).…”
Section: Economic Intuition For (In)determinacymentioning
confidence: 99%
“…Similarly, Bénassy (1996) draws the conclusion that output persistence is independent of the monopoly power. See also, for example, Pavlov and Weder (2012).…”
Section: Economic Intuition For (In)determinacymentioning
confidence: 99%
“…There are N kinds of intermediate goods y i , i ∈ [0, N ], which are used by a perfectly competitive firm to produce a final good Y . Following Pavlov and Weder (), final output is produced with the following technology: Y=Nα+11italicλ)(0Nyiλ0.166667emnormaldi1/0.0ptλ.…”
Section: The Modelmentioning
confidence: 99%
“… The importance of production specialization has been extensively discussed in the literature (e.g. Chang et al ., , ; Pavlov and Weder, ; Bucci, ). Empirically, Kasahara and Rodrigue () use detailed plant‐level Chilean manufacturing panel data from 1979 to 1996, showing that an increase in the use of intermediate goods leads to a rise in the firm's productivity.…”
mentioning
confidence: 99%
“…8 overcome this problem, we adopt the B enassy (1996,1998) aggregation, as in (1), which enables us to clearly separate increasing returns from imperfect competition, so that both effects can be fully disentangled. Such an aggregation form has been used to modify the Solow residual (Devereux et al, 1996b) and examine the dynamic properties of the business cycle (Pavlov & Weder, 2012). Such an aggregation form has been used to modify the Solow residual (Devereux et al, 1996b) and examine the dynamic properties of the business cycle (Pavlov & Weder, 2012).…”
Section: Final-good Firmsmentioning
confidence: 99%
“…This is crucial in our analysis, since modelling this difference will provide new product quality implications for economic growth and social welfare. Such an aggregation form has been used to modify the Solow residual (Devereux et al, 1996b) and examine the dynamic properties of the business cycle (Pavlov & Weder, 2012). In terms of constructing consumption aggregation, Ethier (1982) and Montagna (2001) generalise the Dixit and Stiglitz (1977) constant elasticity of substitution utility function so that the love of varieties (the preference for varieties) and the elasticity of substitution across varieties can be separated, and thus their effects and interactions can be clarified.…”
Section: Final-good Firmsmentioning
confidence: 99%