Economics at your fingertips  

The Endogenous Market Structures Approach. A Technical Survey with Applications to the Theory of Business Cycles, Trade and Growth

Federico Etro ()

No 162, Working Papers from University of Milano-Bicocca, Department of Economics

Abstract: The EMSs approach to macroeconomics introduces strategic interactions and en- dogenous entry decisions in the analysis of aggregate phenomena. This approach departs from the perfectly competitive environment, in the sense that rms do not take prices as given, but they do choose their entry and production strategies and they interact strategically. In general equilibrium, this leads to novel implications for the mechanism of propagation of aggregate shocks, for the theory of the gains from trade and for the sources of the growth process. We introduce this emerging literature and discuss some of its implications.

Pages: 66 pages
Date: 2009-05, Revised 2009-05
New Economics Papers: this item is included in nep-cse
References: Add references at CitEc
Citations: Track citations by RSS feed

Downloads: (external link) First version, 2009 (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:

Access Statistics for this paper

More papers in Working Papers from University of Milano-Bicocca, Department of Economics Contact information at EDIRC.
Bibliographic data for series maintained by Matteo Pelagatti ().

Page updated 2023-02-03
Handle: RePEc:mib:wpaper:162