Etro et al., 2010 - Google Patents
Endogenous market structures and the business cycleEtro et al., 2010
View PDF- Document ID
- 13840420249697146164
- Author
- Etro F
- Colciago A
- Publication year
- Publication venue
- The Economic Journal
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Snippet
We characterise endogenous market structures under Bertrand and Cournot competition in a DSGE model. Short‐run mark ups vary countercyclically because of the impact of entry on competition. Long‐run mark ups are decreasing in the discount factor and in productivity …
- 230000000694 effects 0 abstract description 41
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