Derived factor demand under monopoly |
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| Authors: | Thorsten Bayındır-Upmann |
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| Affiliation: | (1) Institute of Mathematical Economics, University of Bielefeld, P. O. Box 100131, 33501 Bielefeld, GERMANY (e-mail: tupmann@wiwi.uni-bielefeld.de) , DE |
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| Abstract: | ![]()
Summary. We generalize the formula provided by Maurice and Ferguson (1973) for derived factor demand in a monopoly by extending it to cross-price effects and taking into account other variables which may, within an general-equilibrium framework, affect demand, such as income. Hopefully, both features increase the applicability of this formula in general-equilibrium analyses. Received: April 5, 2000; revised version: June 7, 2001 |
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| Keywords: | and Phrases: Derived factor demand Monopoly. |
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