ENDOGENOUS GROWTH AND OVERLAPPING GENERTIONS IN A SODEL OF MONOPOLISTIC COMPETITION WITH DETERRED ENTRY

Gianluca Femminis

No 268516, Economic Research Papers from University of Warwick - Department of Economics

Abstract: this paper uses a model with deterred entry to study the relationships between the growth rate, which is endogenous, and the degree of imperfect competition. In an infinitely lived representative agent framework they are shown to be independent, while with Blanchard's type overlapping generations, this "neutrality results" does not hold, resulting in more complex policy problems. It is also verified that dynamic inefficiency, in such a model, is impossible.

Keywords: Agricultural and Food Policy; Financial Economics (search for similar items in EconPapers)
Pages: 39
Date: 1992-09-09
References: Add references at CitEc
Citations:

Downloads: (external link)
https://ageconsearch.umn.edu/record/268516/files/twerp396.pdf (application/pdf)
https://ageconsearch.umn.edu/record/268516/files/twerp396.pdf?subformat=pdfa (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ags:uwarer:268516

DOI: 10.22004/ag.econ.268516

Access Statistics for this paper

More papers in Economic Research Papers from University of Warwick - Department of Economics
Bibliographic data for series maintained by AgEcon Search ().