Colciago, Andrea; Etro, Federico - Dipartimento di Economia, Metodi Quantitativi e … - 2007
We introduce Cournot competition and endogenous entry in an oth- erwise neoclassical macroeconomic framework. First, we develop a model with exogenous savings à la Solow describing the dynamic path of busi- ness creation. Then, we develop a model à la Ramsey describing the dynamic interaction...