Literaturnachweis - Detailanzeige
Autor/inn/en | Barseghyan, Gayane; Grigoryan, Aram |
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Titel | Equilibrium with Capacity-Constrained Firms: A Classroom Experiment |
Quelle | In: Journal of Economic Education, 50 (2019) 2, S.129-141 (13 Seiten)Infoseite zur Zeitschrift
PDF als Volltext |
Sprache | englisch |
Dokumenttyp | gedruckt; online; Zeitschriftenaufsatz |
ISSN | 0022-0485 |
DOI | 10.1080/00220485.2019.1582382 |
Schlagwörter | Economics Education; Experiments; Class Activities; Microeconomics; College Instruction; Undergraduate Students; Foreign Countries; Educational Games; Armenia |
Abstract | The authors develop a two-stage classroom experiment to illustrate convergence to long-run equilibrium in a market where price-taking firms are capacity-constrained. Once equilibrium in the first stage is established, capacity constraints are introduced by imposing discontinuities in the fixed costs of several firms. The experiment demonstrates that this supply shock yields a higher market price and, under assumed parameterization, several higher-cost firms that otherwise are not able to survive in the long-run equilibrium enter the market and earn positive profits. (As Provided). |
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Erfasst von | ERIC (Education Resources Information Center), Washington, DC |
Update | 2020/1/01 |