Market structure, cost asymmetries, and fiscal policy effectiveness

Authors
Molana, H Montagna, C
Citation
H. Molana et C. Montagna, Market structure, cost asymmetries, and fiscal policy effectiveness, ECON LETT, 68(1), 2000, pp. 101-107
Citations number
14
Categorie Soggetti
Economics
Journal title
ECONOMICS LETTERS
ISSN journal
01651765 → ACNP
Volume
68
Issue
1
Year of publication
2000
Pages
101 - 107
Database
ISI
SICI code
0165-1765(200007)68:1<101:MSCAAF>2.0.ZU;2-C
Abstract
Imperfectly competitive macroeconomic models typically assume a symmetric e quilibrium with identical firms, despite the fact that most industries are characterised by substantial degrees of firm heterogeneity. We examine how inter-firm efficiency gaps affect fiscal policy effectiveness under monopol istic competition. (C) 2000 Elsevier Science S.A. All rights reserved. JEL classification: L16; L13.