ENDOGENOUS GROWTH AND OVERLAPPING GENERTIONS IN A SODEL OF MONOPOLISTIC COMPETITION WITH DETERRED ENTRY

this paper uses a model with deterred entry to study the relationships between the growth rate, which is endogenous, and the degree of imperfect competition. In an infinitely lived representative agent framework they are shown to be independent, while with Blanchard's type overlapping generations, this "neutrality results" does not hold, resulting in more complex policy problems. It is also verified that dynamic inefficiency, in such a model, is impossible.


Issue Date:
Sep 09 1992
Publication Type:
Working or Discussion Paper
Record Identifier:
http://ageconsearch.umn.edu/record/268516
Language:
English
Total Pages:
39




 Record created 2018-02-16, last modified 2018-02-17

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