Endogenous Business Cycles and Business Formation in an Oligopolistic OLG Model with Strategic R&D Investment.

We study an endogenous business cycle model with Cournotian monopolistic competition and an endogenous number of firms in each sector. Our model is a simple general equilibrium macroeconomic model introducing overlapping generation both of consumers and firms. Firms strategically decide on investment in the first period of their life, and compete a la Cournot in the second period.

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Year of publication:	1999
Authors:	D'Aspremont, C. ; Dos Santos Ferreira, R. ; Varet-Gerard, L.A.
Institutions:	Groupement de Recherche en Économie Quantitative d'Aix-Marseille (GREQAM), Aix-Marseille School of Economics (AMSE)
Subject:	BUSINESS CYCLES \| MONOPOLIES \| INVESTMENTS

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Series:	G.R.E.Q.A.M..
Type of publication:	Book / Working Paper
Notes:	33 pages
Classification:	E32 - Business Fluctuations; Cycles ; D43 - Oligopoly and Other Forms of Market Imperfection
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005779616