An investigation concerning some recent developments in growth theory
In chapter I, we model monopolistic competition in the spirit of Blanchard and Kiyotaki (1987) and we study the implications of this market structure for the existence of dynamically inefficient equilibria. We show that, with free entry, the presence of some pure profit does not rule out dynamic ine...
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University of Warwick
1995
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| Online Access: | http://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.308585 |