Endogenous Business Cycles and Business Formation in an Oligopolistic OLG Model with Strategic R&D Investment

Claude d'Aspremont, Rodolphe Dos Santos Ferreira and L.A. Varet-Gerard

G.R.E.Q.A.M. from Universite Aix-Marseille III

Abstract: We study an endogenous business cycle model with Cournotian monopolistic competition and an endogenous number of firms in each sector. Our model is a simple general equilibrium macroeconomic model introducing overlapping generation both of consumers and firms. Firms strategically decide on investment in the first period of their life, and compete a la Cournot in the second period.

Keywords: BUSINESS CYCLES; MONOPOLIES; INVESTMENTS (search for similar items in EconPapers)
JEL-codes: D43 E32 (search for similar items in EconPapers)
Pages: 33 pages
Date: 1999
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:fth:aixmeq:99a33

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