Zobrazeno 1 - 8 of 8 pro vyhledávání: '"Teemu Pekkarinen"'
5
When Aiyagari meets Piketty: Growth, Inequality and Capital Shares
Autor: Teemu Pekkarinen, Toni Juuti, Juha-Pekka Junttila, Kari Heimonen
Publikováno v: SSRN Electronic Journal.
We incorporate the division of income between capital and labor into analysis on the relationship between inequality and growth. Using historical data, we document that changes in the top 1 % income shares are positively associated with subsequent gr
Externí odkaz: https://explore.openaire.eu/search/publication?articleId=doi_________::8345f6fe94cffb4e40cdf62a3a55f01d
https://doi.org/10.2139/ssrn.3782991
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7
Equilibrium Pricing under Concave Advertising Costs
Autor: Klaus Kultti, Teemu Pekkarinen
Publikováno v: SSRN Electronic Journal.
We study Butters’s (1977. “Equilibrium Distributions of Sales and Advertising Prices.” The Review of Economic Studies 44 (3): 465–91) model under concave advertising costs, and determine a class of cost functions such that each seller sends t
Externí odkaz: https://explore.openaire.eu/search/publication?articleId=doi_dedup___::9f060282c1eb7c344706986c9b0bef41
https://doi.org/10.2139/ssrn.3922689
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8
Equilibrium Price and Advertisement Distributions
Autor: Teemu Pekkarinen, Klaus Kultti
Publikováno v: SSRN Electronic Journal.
We consider an economy where many sellers sell identical goods to many buyers. Each seller has a unit supply and each buyer has a unit demand. The only possible information flow about prices is through costly advertising. We show that in equilibrium
Externí odkaz: https://explore.openaire.eu/search/publication?articleId=doi_dedup___::da9601900bf5264ec2ca7e0d830aeb47
https://doi.org/10.2139/ssrn.3479074
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