endogenous market structure
Recently Published Documents


TOTAL DOCUMENTS

56
(FIVE YEARS 13)

H-INDEX

11
(FIVE YEARS 1)

2021 ◽  
pp. 105288
Author(s):  
Marco Pagnozzi ◽  
Salvatore Piccolo ◽  
Markus Reisinger

2021 ◽  
Author(s):  
Laurent Cavenaile ◽  
Murat Alp Celik ◽  
Pau Roldan-Blanco ◽  
Xu Tian

2020 ◽  
Author(s):  
By Chien-Yu Huang ◽  
Juin-Jen Chang ◽  
Lei Ji

Abstract This article explores the effects of monetary policy (inflation) in a Schumpeterian growth model with an endogenous market structure and distinct cash (or cash-in-advance, CIA) constraints on consumption, production, and two types of R&D investment—quality-improving and variety-expanding R&D. We show that the relationship between inflation and growth is negative if quality-improving R&D (incumbent) is subject to the CIA constraint, but positive if variety-expanding R&D (entrant) is subject to the CIA constraint. Inflation has no effect on growth as consumption or production is subject to the CIA constraint. In addition, the firm size may either increase or decrease in response to inflation depending on which type of R&D is constrained by cash. With all CIA constraints properly imposed, a likely scenario in our numerical analysis shows that a rise in inflation leads the growth rate to exhibit a decrease in the short run but an increase in the long run. Moreover, our welfare analysis shows that Friedman’s rule, in general, is not socially optimal.


2020 ◽  
Vol 121 ◽  
pp. 103324
Author(s):  
Roberto Cellini ◽  
Luca Lambertini ◽  
Gianmarco I.P. Ottaviano

2019 ◽  
Author(s):  
Marco Mazzoli ◽  
Matteo Morini ◽  
Pietro Terna

Sign in / Sign up

Export Citation Format

Share Document