Endogenous markups and fiscal policy
This note 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 thro...
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| Format: | workingPaper |
| Language: | eng |
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2010
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| Online Access: | http://hdl.handle.net/10400.5/2743 |
| Country: | Portugal |
| Oai: | oai:www.repository.utl.pt:10400.5/2743 |