Brito, Paulo B.; Costa, Luís F.; Dixon, Huw - In: Journal of Economic Dynamics and Control 37 (2013) 11, pp. 2287-2306
We consider a Ramsey model with a continuum of Cournotian industries where free entry generates an endogenous markup. The model produces two different regimes, monopolistic and Cournotian monopolistic competition, resulting in non-smooth dynamics. We analyze the global dynamics of the model,...