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We analyze firms’ entry, production and hedging decisions under imperfect competition. We consider an oligopoly … industry producing a homogeneous output in which risk-averse firms face an entry cost upon entering the industry, and then … literature (without entry), both production and output price depend on uncertainty and risk aversion. Specifically, when entry is …
Persistent link: https://www.econbiz.de/10010884971
We develop and estimate a DSGE model which realistically assumes that many goods in the economy are produced through more than one stage of production. Firms produce differentiated goods at an intermediate stage and a final stage, post different prices at both stages, and face stage-specific...
Persistent link: https://www.econbiz.de/10005015308
We build a Dynamic General Equilibrium model with search frictions for the allocation of physical capital and investigate its implications for the business cycle. While the model is in principle capable of generating substantial internal propagation to small exogenous shocks, the quantitative...
Persistent link: https://www.econbiz.de/10005015320
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Multi-countru models have not been very successful in replicating features of the international transmission of business cycles. Standard models predict cross-country correlations of output and consumption which are respectively too low and loo high. In this paper, we built a multi-country model...
Persistent link: https://www.econbiz.de/10005353091
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This Paper Reviews the Literature on the Compliance Costs Incurred by Businesses and Individuals Because of One Or More Taxes. It Presents Both the Main Characteristics, Such As Sample Size, Interview Techniques and So On, and the Key Findings of the Nineteen Studies Reviewed. in General, One...
Persistent link: https://www.econbiz.de/10005353291
with Short-Run Fluctuations Due to Entry and Exhaustion of Deposits. the Cyclicality of Resource Prices Is Reinforced by …
Persistent link: https://www.econbiz.de/10005353340