haku: @author Jacobsen, H. / yhteensä: 1
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| Tekijä: | Jacobsen, H. |
| Otsikko: | Endogenous, imperfectly competitive business cycles |
| Lehti: | European Economic Review
2000 : FEB, VOL. 44:2, p. 305-336 |
| Asiasana: | COMPETITION BUSINESS CYCLES EUROPE |
| Kieli: | eng |
| Tiivistelmä: | The author of this article investigates how imperfect competition affects the occurrence and the properties of endogenous, rational expectations business cycles in an overlapping generations model with constant returns to scale in production. The model has explicit product and labour markets all characterised by monopolistic competition. An implicit assumption of barriers to entry justifies that the number of firms is fixed even when positive profits occur. |
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