The most fundamental proposition about growth and competition is that there is a tradeoff between static welfare and … other. The policy implications are that growth-enhancing policies may be misguided and that quick deregulation as well as …

other. As for competition policy, this implies that growth-enhancing policies maybe misguided and that quick deregulation as …This paper proves three theorems on growth and competition in a standard increasing variety endogenous growth model and … draws conclusions for second-best competition policies. First, no growth may be better than some growth, since modest …

quick trade liberalization can lead to stagnation in the long term. -- endogenous growth ; competition ; deregulation …The most fundamental proposition about growth and competition is that there is a tradeoff between static welfare and … other. The policy implications are that growth-enhancing policies may be misguided and that quick deregulation as well as …

the benchmark linear model with imperfect competition. These include the “lab-equipment” model, “labor …