Author(s):
Costa, Luís F. 
Date: 2001
Persistent ID: http://hdl.handle.net/10400.5/2743
Origin: Repositório da UTL
Subject(s): Endogenous markups; Entry; Multiplier; Fiscal Policy
Document details
Endogenous markups and fiscal policy
Description
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.
Document Type
Other
Language English
Language English
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