Costa, Luis F.2024-02-162024-02-162004Costa, Luis F. .(2004). “Endogenous markups and fiscal policy”. The Manchester School Supplement: pp. 55–71. (Search PDF in 2024).http://hdl.handle.net/10400.5/30142This 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.engIndustrial FirmsR&DCompetitionFiscal PolicyMacroeconomic ImpactEquilibrium Modeljournal article1467-9957