Research Output per year
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.
- Monopolistic competition
- Cost asymmetries
- Fiscal policy
- Market structure
Molana, H. & Montagna, C., 1998, University of Dundee, (Dundee Discussion Papers in Economics; no. 89).
Research output: Working paper › Discussion paper