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Etro et al., 2010 - Google Patents

Endogenous market structures and the business cycle

Etro et al., 2010

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Document ID
13840420249697146164
Author
Etro F
Colciago A
Publication year
Publication venue
The Economic Journal

External Links

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 …
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