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 |
|---|---|
| Pages (from-to) | 101-107 |
| Journal | Economics Letters |
| Volume | 68 |
| Issue number | 1 |
| Early online date | 2 May 2000 |
| DOIs | |
| Publication status | Published - Jul 2000 |
Keywords
- Monopolistic competition
- Cost asymmetries
- Fiscal policy
- Market structure
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Dive into the research topics of 'Market structure, cost asymmetries and fiscal policy effectiveness'. Together they form a unique fingerprint.Research output
- 6 Citations
- 1 Discussion paper
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Dundee Discussion Papers in Economics 089: Market structure, cost asymmetries and fiscal policy effectiveness
Molana, H. & Montagna, C., 1998, University of Dundee, (Dundee Discussion Papers in Economics; no. 89).Research output: Working paper/Preprint › Discussion paper
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