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Endogenous markups and fiscal policy
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Autores
Orientador(es)
Resumo(s)
This paper analyses a simple imperfectly competitive general equilibrium model where the entry mechanism generates an endogenous markup. In this second-best world fiscal policy is more effective than in Walrasian or in fixed-markup monopolistic competition models, as it produces efficiency gains through entry.
Descrição
Palavras-chave
Industrial Firms R&D Competition Fiscal Policy Macroeconomic Impact Equilibrium Model
Contexto Educativo
Citação
Costa, Luis F. .(2004). “Endogenous markups and fiscal policy”. The Manchester School Supplement: pp. 55–71. (Search PDF in 2024).
Editora
John Wiley & Sons