Market structure , cost asymmetries , and fiscal policy effectiveness
نویسندگان
چکیده
Imperfectly competitive macroeconomic models typically assume a symmetric equilibrium with identical firms, despite the fact that most industries are characterised by substantial degrees of firm heterogeneity. We examine how inter-firm efficiency gaps affect fiscal policy effectiveness under monopolistic competition. 2000 Elsevier Science S.A. All rights reserved.
منابع مشابه
University of Dundee Market structure , cost asymmetries and fiscal policy effectiveness
Imperfectly competitive macroeconomic models typically assume a symmetric equilibrium with identical firms, despite the fact that most industries are characterised by substantial degrees of firm heterogeneity. We examine how inter-firm efficiency gaps affect fiscal policy effectiveness under monopolistic competition.
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