Cartel Stability, Mark-Up Cyclicality and Government Spending Multipliers
نویسندگان
چکیده
منابع مشابه
Cartel Stability, Mark-Up Cyclicality and Government Spending Multipliers
Mark-up cyclical behaviour is relevant in determining the size of government spending multiplier on output. While theoretical literature priviliged the counteryclical hypothesis, empirical evidence is far from being conclusive. Based on seminal Rotemberg and Saloner (1986) contribution, we build a theoretical framework based on Bertrand duopoly, stochastic demand and product di¤erentiation, whe...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2012
ISSN: 1556-5068
DOI: 10.2139/ssrn.2027848