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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/10003952882
have market power in the output market: monopoly, Cournot oligopoly, Bertrand duopoly with homogeneous products …, pricesetting duopoly with differentiating commodities, and models of monopolistic competition. Among the latter I consider Cournot …
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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/10008821661
Persistent link: https://www.econbiz.de/10013422760