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Spatial Competition in Quality, Demand-Induced Innovation, and Schumpeterian Growth
Auer, Raphael; Sauré, Philip - 2011
We develop a general equilibrium model of vertical innovation in which multiple firms compete monopolistically in the … the product cycle as it is superseded by further innovations. The intrinsic reason that innovation happens in our economy … is not one of displacing the incumbent; rather, innovation is a means to differentiate oneself from existing firms and …
Persistent link: https://www.econbiz.de/10011430082
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Trade, wages, and productivity
Behrens, Kristian; Mion, Giordano; Murata, Yasusada; … - 2008
We develop a new general equilibrium model of trade with heterogeneous firms, variable demand elasticities and endogenously determined wages. Trade integration favors wage convergence, intensifies competition, and forces the least efficient firms to leave the market, thereby affecting aggregate...
Persistent link: https://www.econbiz.de/10010268928
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General equilibrium with monopolistic firms and occasionally binding cash-in-advance constraints
Dixon, Huw; Pourpourides, Panayiotis M. - 2010
We show a simple way to introduce monopolistic competition in a general equilibrium model where prices are fully .exible, the velocity of money is variable and cash-in-advance (CIA) constraints occasionally bind.We establish the conditions under which money has real effects and demonstrate that...
Persistent link: https://www.econbiz.de/10010288784
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Trade, wages and productivity
Behrens, Kristian; Mion, Giordano; Murata, Yasusada; … - 2009
We develop a new general equilibrium model of trade with heterogeneous firms, variable demand elasticities and endogenously determined wages. Trade integration favours wage convergence, boosts competition, and forces the least efficient firms to leave the market, thereby affecting aggregate...
Persistent link: https://www.econbiz.de/10011506681
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Substitutability and Competition in the Dixit-Stiglitz Model
Koeniger, Winfried; Licandro, Omar - 2004
The effects of competition on growth are analyzed in the recent literature by comparing economies with the same market structure but different degrees of substitutability. In this note, we show that in a general equilibrium model with monopolistic competition – la Dixit- Stiglitz the effect of...
Persistent link: https://www.econbiz.de/10010261777
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International trade and monopolistic competition without CES: Estimating translog gravity
Novy, Dennis - 2010
This paper derives a micro-founded gravity equation in general equilibrium based on a translog demand system that allows for endogenous markups and rich substitution patterns across goods. In contrast to standard CES-based gravity equations, trade is more sensitive to trade costs if the...
Persistent link: https://www.econbiz.de/10010270479
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The effect of trade openness on optimal government size under endogenous firm entry
Hanslin, Sandra - 2008
This paper analyzes the effect of trade liberalization on government spending in a general equilibrium model with a continuum of industries supplying tradable and nontradable goods under monopolistic competition. Trade liberalization is modeled as the opening up of product markets between two...
Persistent link: https://www.econbiz.de/10010315478
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Long-Term Growth Driven by a Sequence of General Purpose Technologies
Schiess, Daniel; Wehrli, Roger - 2011
We present a Schumpterian model of endogenous growth with General Purpose Technologies (GPTs) that captures two important historical stylized facts: First, from the beginning of mankind until today GPTs are arriving at an increasing frequency and, second, all GPTs heavily depended on previous...
Persistent link: https://www.econbiz.de/10011753212
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Dynamic Effects and Structural Change under Environmental Regulation in a CGE Model with Endogenous Growth
Ramer, Roger - 2011
, innovation and sectoral growth. We find that a stringent reduction target for carbon emissions combined with a CO2-tax leads to …
Persistent link: https://www.econbiz.de/10011753217
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Carbon policy in a high-growth economy: The case of China
Bretschger, Lucas; Zhang, Lin - 2014
innovation, and sector-specific investments. We find that the implementation of Chinese government carbon policies until 2020 … induced innovation, and rising energy prices in the reference case reduces welfare losses significantly. We argue that …
Persistent link: https://www.econbiz.de/10011753265