Dundee Discussion Papers in Economics 089: Market structure, cost asymmetries and fiscal policy effectiveness

Hassan Molana, Catia Montagna

    Research output: Working paperDiscussion paper

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    Abstract

    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.
    Original languageEnglish
    PublisherUniversity of Dundee
    Publication statusPublished - 1998

    Publication series

    NameDundee Discussion Papers in Economics
    PublisherUniversity of Dundee
    No.89
    ISSN (Print)1473-236X

    Keywords

    • Monopolistic competition
    • Cost asymmetries
    • Fiscal policy
    • Market structure

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