Market structure, cost asymmetries and fiscal policy effectiveness

Hassan Molana, Catia Montagna

    Research output: Contribution to journalArticle

    6 Citations (Scopus)

    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
    Pages (from-to)101-107
    JournalEconomics Letters
    Volume68
    Issue number1
    Early online date2 May 2000
    DOIs
    Publication statusPublished - Jul 2000

    Fingerprint

    Firm efficiency
    Policy effectiveness
    Industry
    Firm heterogeneity
    Market structure
    Cost asymmetry
    Macroeconomic models
    Fiscal policy
    Monopolistic competition

    Keywords

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

    Cite this

    Molana, Hassan ; Montagna, Catia. / Market structure, cost asymmetries and fiscal policy effectiveness. In: Economics Letters. 2000 ; Vol. 68, No. 1. pp. 101-107.
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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.",
    keywords = "Monopolistic competition, Cost asymmetries, Fiscal policy, Market structure",
    author = "Hassan Molana and Catia Montagna",
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    Market structure, cost asymmetries and fiscal policy effectiveness. / Molana, Hassan; Montagna, Catia.

    In: Economics Letters, Vol. 68, No. 1, 07.2000, p. 101-107.

    Research output: Contribution to journalArticle

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    AU - Montagna, Catia

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    KW - Cost asymmetries

    KW - Fiscal policy

    KW - Market structure

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    DO - 10.1016/S0165-1765(00)00221-4

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