Market structure, cost asymmetries and fiscal policy effectiveness

Hassan Molana; Catia Montagna

doi:10.1016/S0165-1765(00)00221-4 Article 0165-1765

Market structure, cost asymmetries and fiscal policy effectiveness

Hassan Molana, Catia Montagna

Economics

Research output: Contribution to journal › Article › peer-review

6 Citations (Scopus)

Abstract

Imperfectly competitive macroeconomic models typically assume a symmetric equilibrium with identical firms, despite the fact that most industries are characterised by substantial degrees of firm heterogeneity. We examine how inter-firm efficiency gaps affect fiscal policy effectiveness under monopolistic competition.

Original language	English
Pages (from-to)	101-107
Number of pages	7
Journal	Economics Letters
Volume	68
Issue number	1
DOIs	https://doi.org/10.1016/S0165-1765(00)00221-4 Article 0165-1765
Publication status	Published - 2000

Bibliographical note

10.1016/S0165-1765(00)00221-4 Article 0165-1765

Keywords

Monopolistic competition Cost asymmetries Fiscal policy Market structure

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10.1016/S0165-1765(00)00221-4 Article 0165-1765

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title = "Market structure, cost asymmetries and fiscal policy effectiveness",

abstract = "Imperfectly competitive macroeconomic models typically assume a symmetric equilibrium with identical firms, despite the fact that most industries are characterised by substantial degrees of firm heterogeneity. We examine how inter-firm efficiency gaps affect fiscal policy effectiveness under monopolistic competition.",

keywords = "Monopolistic competition Cost asymmetries Fiscal policy Market structure",

author = "Hassan Molana and Catia Montagna",

note = "10.1016/S0165-1765(00)00221-4 Article 0165-1765",

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doi = "10.1016/S0165-1765(00)00221-4 Article 0165-1765",

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AU - Montagna, Catia

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PY - 2000

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AB - Imperfectly competitive macroeconomic models typically assume a symmetric equilibrium with identical firms, despite the fact that most industries are characterised by substantial degrees of firm heterogeneity. We examine how inter-firm efficiency gaps affect fiscal policy effectiveness under monopolistic competition.

KW - Monopolistic competition Cost asymmetries Fiscal policy Market structure

U2 - 10.1016/S0165-1765(00)00221-4 Article 0165-1765

DO - 10.1016/S0165-1765(00)00221-4 Article 0165-1765

M3 - Article

VL - 68

SP - 101

EP - 107

JO - Economics Letters

JF - Economics Letters

IS - 1

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Market structure, cost asymmetries and fiscal policy effectiveness

Abstract

Bibliographical note

Keywords

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