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

Hassan Molana; Catia Montagna

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

Research output: Working paper/Preprint › Discussion 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 language	English
Publisher	University of Dundee
Publication status	Published - 1998

Publication series

Name	Dundee Discussion Papers in Economics
Publisher	University of Dundee
No.	89
ISSN (Print)	1473-236X

Keywords

Monopolistic competition
Cost asymmetries
Fiscal policy
Market structure

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DDPE_089.pdf

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

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.",

keywords = "Monopolistic competition, Cost asymmetries, Fiscal policy, Market structure",

author = "Hassan Molana and Catia Montagna",

note = "This paper was also published by Elsevier in Economics Letters, Vol.68(1), pp. 101-107 ",

year = "1998",

language = "English",

series = "Dundee Discussion Papers in Economics",

publisher = "University of Dundee",

number = "89",

type = "WorkingPaper",

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AU - Montagna, Catia

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PY - 1998

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KW - Monopolistic competition

KW - Cost asymmetries

KW - Fiscal policy

KW - Market structure

UR - https://dundee.primo.exlibrisgroup.com/permalink/44DUN_INST/s4l06a/alma990001130230302991

M3 - Discussion paper

T3 - Dundee Discussion Papers in Economics

BT - Dundee Discussion Papers in Economics 089

PB - University of Dundee

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

Abstract

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Keywords

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Market structure, cost asymmetries and fiscal policy effectiveness

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