Endogenous Markups and Fiscal Policy

Luis Costa

Manchester School, 2004, vol. 72, issue s1, 55-71

Abstract: This paper analyses a simple imperfectly competitive general equilibrium model where the entry mechanism generates an endogenous markup. In this second‐best world fiscal policy is more effective than in Walrasian or in fixed‐markup monopolistic competition models, as it produces efficiency gains through entry.

Date: 2004
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Citations: View citations in EconPapers (15)

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https://doi.org/10.1111/j.1467-9957.2004.00419.x

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Working Paper: Endogenous markups and fiscal policy (2004)
Working Paper: Endogenous Markups and Fiscal Policy (2001)
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