Results 101 to 110 of about 9,589 (303)
Optimal taxation with monopolistic competition [PDF]
International Tax and Public Finance, 2011 This paper studies optimal taxation in a Dixit–Stiglitz model of monopolistic competition. In this setting, taxes may be used as an instrument to offset distortions caused by producer markups. Since markups tend to be higher in industries where firms face less elastic demand, tax rates will be pushed lower in these industries.
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Measuring the Gains from Trade under Monopolistic Competition [PDF]
Three sources of gains from trade under monopolistic competition are: (i) new import varieties available to consumers; (ii) enhanced efficiency as more productive firms begin exporting and less productive firms exit; (iii) reduced markups charged by ...
Robert C. Feenstra
core
Using DSGE and Machine Learning to Forecast Public Debt for France
Journal of Forecasting, EarlyView.ABSTRACT Forecasting public debt is essential for effective policymaking and economic stability, yet traditional approaches face challenges due to data scarcity. While machine learning (ML) has demonstrated success in financial forecasting, its application to macroeconomic forecasting remains underexplored, hindered by short historical time series and ...
Emmanouil Sofianos +4 more
wiley +1 more source
DSGE Model Forecasting: Rational Expectations Versus Adaptive Learning
Journal of Forecasting, EarlyView.ABSTRACT This paper compares within‐sample and out‐of‐sample fit of a DSGE model with rational expectations to a model with adaptive learning. The Galí, Smets, and Wouters model is the chosen laboratory using quarterly real‐time euro area data vintages, covering 2001Q1–2019Q4.
Anders Warne
wiley +1 more source
Pharmaceutical Pricing and R&D as a Global Public Good
Health Economics, EarlyView.ABSTRACT This paper examines the international variation in the prices of branded pharmaceuticals. We consider short‐run profits, or quasi‐rents, as representing each country's contribution toward the global public good of therapeutic information embodied in new pharmaceuticals.
H. E. Frech III +3 more
wiley +1 more source
Potential market failures in the Portuguese wine industry [PDF]
Ciência e Técnica VitivinícolaThe wine industry is characterized by a monopolistic competition market structure, with high product differentiation. In this study, based on the predictions of microeconomic theory as applied to market equilibrium and market failure, the statistical ...
Rebelo João, Baptista Alberto
doaj +1 more source
On Monopolistic Competition and Optimal Product Diversity: a Comment on Cost Structure and Workers' Rents [PDF]
In the Dixit-Stiglitz model of monopolistic competition, entry of firms is socially too small. Other authors have shown that excess entry is also a possibility with other preferences for diversity.
Eric Toulemonde, Pierre M. Picard
core
Health Economics, EarlyView.ABSTRACT Outpatient specialist physicians in France can work either in the regulated sector, where they charge the regulated fee, or in the unregulated sector, where they set their own fees above the regulated fee. This context provides a unique opportunity to estimate the extent to which patients value services provided under balance billing.
Karine Lamiraud, Radu Vranceanu
wiley +1 more source
Firms’ behavior in conditions of imperfect competitive environments [PDF]
Acta Montanistica Slovaca, 2007 This article deals with the analysis of market structure on the imperfect competitive market, measuring market power, its effect on the price of products and reasons for origin of imperfect competition at the market.
Ján Kantor
doaj
The limit points of monopolistic competition
Journal of Economic Theory, 1980 Publisher Summary A standard justification for the study of perfect competition is that in large economies, the set of monopolistically competitive equilibria will be approximated by the set of perfectly competitive equilibria. This chapter examines the general validity of this proposition.
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