Price and Quantity Patterns When the Consumers' Income is Uncertain

Benassi, Corrado ; Cellini, Roberto ; Chirco, Alessandra (1996) Price and Quantity Patterns When the Consumers' Income is Uncertain. Bologna: Dipartimento di Scienze economiche DSE, p. 20. DOI 10.6092/unibo/amsacta/5062. In: Quaderni - Working Paper DSE (248). ISSN 2282-6483.
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Abstract

The paper shows that the co-movements of optimal price and output in a monopolistic market can be a case of spurious correlation, price and quantity variations being affect by the degree of uncertainty in the consumers' incomes. The pattern of price and quantity changes depends on the shape of the distribution function of the stochastic variable “income of the consumers”, as well as the size of the firm's costs.

Abstract
Document type
Monograph (Working Paper)
Creators
CreatorsAffiliationORCID
Benassi, Corrado
Cellini, Roberto
Chirco, Alessandra
Keywords
monopoly, markup, uncertainty
Subjects
ISSN
2282-6483
DOI
Deposit date
04 Apr 2016 15:04
Last modified
04 Apr 2016 15:04
URI

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