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Environmental taxation and structural change in an open economy: a CGE analysis with imperfect competition and free entry
Böhringer, Christoph; Welsch, Heinz; Löschel, Andreas - 2001
The economic effects of environmental taxes depend on the market structure. Under imperfect competition with free entry and exit, environmental taxes have an impact on economies of scale by changing the number and size of firms. Whether economies of scale rise or fall in a particular industry...
Persistent link: https://www.econbiz.de/10010297742
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Economic Integration, Imperfect Competition, and International Policy Coordination
Holmlund, Bertil; Kolm, Ann-Sofie - 1999
The paper examines policy externalities between imperfectly competitive open economies where unemployment prevails in general equilibrium. We develop a two-country and two-sector model with monopolistic competition in the goods market and wage bargaining in the labor market. Policy externalities...
Persistent link: https://www.econbiz.de/10010321760
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Is perfection optimal? Employment and product market competition
Amable, Bruno; Gatti, Donatella - 2000
This paper proposes a model of efficiency wage with endogenous workers flows in interaction with imperfect competition on the product markets. Subject to economy-wide shocks, firms hire and fire workers thus generating a certain turnover. We show that the intensity of this turnover negatively...
Persistent link: https://www.econbiz.de/10010304143
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Fiscal policy under imperfect competition with flexible prices: An overview and survey
Costa, Luís F.; Dixon, Huw David - In: Economics: The Open-Access, Open-Assessment E-Journal 5 (2011) 2011-3, pp. 1-57
This paper surveys the link between imperfect competition and the effects of fiscal policy on output, employment and welfare. We examine static and dynamic models, with and without entry under a variety of assumptions using a common analytical framework. We find that in general there is a robust...
Persistent link: https://www.econbiz.de/10010304314
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Investment shocks and business cycles
Justiniano, Alejandro; Primiceri, Giorgio E.; … - 2008
.S. output and hours. Moreover, like a textbook demand shock, these disturbances drive prices higher in expansions. We reach …
Persistent link: https://www.econbiz.de/10010283518
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The damage from clean floats: From an anti-inflationary monetary policy
Pope, Robin; Selten, Reinhard; Kaiser, Johannes; Kube, … - 2007
embeds a new theory of exchange rate determination involving the uncontroversial power of fully cooperating central banks to … totally fix the exchange rate. The new model is within a broader theory that includes risk effects normally excluded, SKAT …, the Stages of Knowledge Ahead Theory. We use SKAT to analyse outliers in our experimental results, and indicate some new …
Persistent link: https://www.econbiz.de/10010274161
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Imperfectly competitive cycles with Keynesian and Walrasian features
Kaas, Leo; Madden, Paul - 2000
We consider a multi-sector overlapping generations model with imperfectly competitive firms in the output markets and wage setting trade unions in the labour markets. A coordination problem between firms creates multiple temporary equilibria which are either Walrasian or of the Keynesian...
Persistent link: https://www.econbiz.de/10010292404
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Imperfect Competition, Monetary Policy and Welfare in a Currency Area
Lombardo, Giovanni - 2002
This paper studies the implication, in terms of welfare and monetary policy, of unequal degrees of competition across members of a currency area. We look at two ways in which the degree of competition in the market for goods can affect welfare in a currency area. One is through different average...
Persistent link: https://www.econbiz.de/10010295738
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Perfecting Imperfect Competition
Seißer, Goetz - 2008
profit margin the unique tax-rate it is charged on absolute profits. In theory the firm´s tax-rate would be the mark-up over …
Persistent link: https://www.econbiz.de/10010298564
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Imperfect Competition in the Recycling Industry
Eichner, Thomas - 2003
This paper studies the market allocation in an economy where material is used for producing a consumption good, then recycled and finally landfilled, and where a recycling firm has market power. The material content constitutes an aspect of green product design and affects the recycling costs....
Persistent link: https://www.econbiz.de/10010322087