Production Efficiency and Income Distribution with Competition Induced by Antitrust Measures
نویسندگان
چکیده
We use a three-sector overlapping generations model to examine the efficiency characteristics and income distribution in long-run steady-state equilibrium. Assuming two sectors produce intermediate goods within an oligopolistic competition, we explore implications for production distribution, given increase competition induced by antitrust measures. Our analysis presents possibility of welfare under imperfect surpassing that perfect when declining leads redistribution from older younger generations. Nevertheless, greater (within oligopoly competition) consistently results more equitable distribution.
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ژورنال
عنوان ژورنال: Journal of risk and financial management
سال: 2023
ISSN: ['1911-8074', '1911-8066']
DOI: https://doi.org/10.3390/jrfm16090399