Dynamic General Equilibrium Models With Imperfectly Competitive Product Markets (Classic Reprint) okumak kayıt olmadan

Dynamic General Equilibrium Models With Imperfectly Competitive Product Markets (Classic Reprint)

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Dynamic General Equilibrium Models with Imperfectly Competitive Product Markets Julio J. Rotemberg Michael Woodford Massachusetts Institute ofT echnology University of Chicago October 13, 1993 Abstract This paper discusses the consequences of introducing imperfectly competitive product markets into an otherwise standard neoclassical growth model. We pay particular attention to the consequences of imperfect competition for the explanation of fluctuations in aggregate economic activity. Market structures considered include monopolistic competition, the customer mjirket model of Phelps and Winter, and the implicit collusion model of Rotemberg andS aloner. Empirical evidence relevant to the numerical calibration of imperfectly competitive models is reviewed. The paper then analyzes the effects of imperfect competition upon the economys response to several kinds of real shocks, including technology shocks, shocks to the level of government purchases, and shocks that change individual producers degree of market power. It also discusses the role of imperfect competition in allowing for fluctuations due solely to self-fulfilling expectations. We wish to thank David Backus, Roland Benabou and participants at the Frontiers of Business Cycle Research for comments, Stephcinie Schmitt-G rohe and Martin Uribe for research iissistcince and the NSF for research support.(Typographical errors above are due to OCR software and don't occur in the book.)About the Publisher Forgotten Books is a publisher of historical writings, such as: Philosophy, Classics, Science, Religion, History, Folklore and Mythology.Forgotten Books' Classic Reprint Series utilizes the latest technology to regenerate facsimiles of historically important writings. Careful attention has been made to accurately preserve the original format of each page whilst digitally enhancing the aged text.

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Icon Group International 29 Ağustos 2009 20,3 x 0,3 x 26 cm 15,2 x 0,4 x 22,9 cm 28 Şubat 2018 N&S Collection Gerardus Blokdyk 20,3 x 0,4 x 26 cm Kolektif 3 Haziran 2009 15,2 x 0,6 x 22,9 cm 25 Mayıs 2010 31 Ağustos 2012 1 Ocak 2013 20,3 x 0,2 x 26 cm NAN RIEWALDT Aeryn Cartwright 21,6 x 0,6 x 27,9 cm

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