Endogenous Market Structures and Business Cycles

Federico Etro ()

Chapter 3 in Endogenous Market Structures and the Macroeconomy, 2009, pp 95-144 from Springer

Abstract: Abstract In this chapter, largely based on Etro and Colciago (2007), we open the black box. of the market structure and link the endogenous behavior of .rms at the sectorial level with the general equilibrium properties of the economy, and in particular with its business cycle properties. We consider distinct sectors, each one characterized by many firms supplying homogenous goods (as in the basic neoclassical framework) or differentiated goods (as in the New-Keynesian literature), taking strategic interactions into account and competing either in prices (Bertrand competition) or in quantities (Cournot competition).

Keywords: Gross Domestic Product; Monetary Policy; Labor Supply; Business Cycle; Real Wage (search for similar items in EconPapers)
Date: 2009
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Related works:
Working Paper: Endogenous Market Structures and the Business Cycle (2011)
Journal Article: Endogenous Market Structures and the Business Cycle (2010)
Working Paper: Endogenous Market Structure and the Business Cycle (2007)
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DOI: 10.1007/978-3-540-87427-0_3

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