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
Number of pages7
JournalEconomics Letters
Volume68
Issue number1
DOIs
Publication statusPublished - 2000

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

Keywords

  • Monopolistic competition Cost asymmetries Fiscal policy Market structure

Cite this

Market structure, cost asymmetries and fiscal policy effectiveness. / Molana, Hassan; Montagna, Catia.

In: Economics Letters, Vol. 68, No. 1, 2000, p. 101-107.

Research output: Contribution to journalArticle

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