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Macroeconomics with Endogenous Markups and Optimal Taxation.

I augment a flexible price dynamic general equilibrium model with any symmetric intratemporal preferences over a variety of goods supplied under monopolistic, Bertrand, or Cournot competition to derive implications for business cycle and market inefficiencies. Endogenous markups can magnify the impa...

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Published in:Southern Economic Journal Vol. 85; no. 2; pp. 378 - 407
Main Author: Etro, Federico
Format: Article
Published: Wiley-Blackwell Oct2018
Subjects:
Economic equilibrium
Consumer goods
Labor supply
Consumption (Economics)
Fiscal policy
Online Access:View this record in EBSCOhost