Autor(es):
Costa, Luís F. 
Data: 2001
Identificador Persistente: http://hdl.handle.net/10400.5/2743
Origem: Repositório da UTL
Assunto(s): Endogenous markups; Entry; Multiplier; Fiscal Policy
Detalhes do Documento
Endogenous markups and fiscal policy
Descrição
This note 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.
This note 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.
Tipo de Documento
Outro
Idioma Inglês
Idioma Inglês
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