This paper constructs a growth model in which monopolistically competing firms choose the characteristic of their own product from an unbounded product space. While consumers wish to satisfy various needs by purchasing a diverse range of goods, production costs are lower for those goods that are...

We endogenise the objective of a monopoly firm in a general equilibrium context. Within this framework a distributional conflict occurs between shareholders, depending on their endowments. Following a political-economy approach and using voting theory, the production plan of the firm is...

This paper extends the model of the exchange rate developed by Obstfeld and Rogoff (1995; 1996) to cnsider the speculative dynamics resulting from the interaction between chartists and fundamentalists put forward by De Grauwe, Dewachter, and Embrechts (1993).