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The Theory Of Endogenous Market Structures

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  • Federico Etro

Abstract

Most market structures are neither perfectly or monopolistically competitive: they are characterized by a few large firms that are engaged in strategic interactions in their production and investment decisions and whose number is endogenous. The theory of endogenous market structures analyzes markets in partial and general equilibrium where strategies affect entry and entry affects strategies, and exogenous primitive conditions on technology and preferences affect the equilibrium. We discuss applications to industrial organization, international trade, business cycle theory, international finance, growth and implications for welfare and for competition, trade, fiscal and monetary policy.

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  • Federico Etro, 2014. "The Theory Of Endogenous Market Structures," Journal of Economic Surveys, Wiley Blackwell, vol. 28(5), pages 804-830, December.
  • Handle: RePEc:bla:jecsur:v:28:y:2014:i:5:p:804-830
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    File URL: http://hdl.handle.net/10.1111/joes.12020
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    Cited by:

    1. Brander, James A. & Spencer, Barbara J., 2015. "Intra-industry trade with Bertrand and Cournot oligopoly: The role of endogenous horizontal product differentiation," Research in Economics, Elsevier, vol. 69(2), pages 157-165.
    2. Poutineau, Jean-Christophe & Vermandel, Gauthier, 2015. "Financial frictions and the extensive margin of activity," Research in Economics, Elsevier, vol. 69(4), pages 525-554.
    3. Hueth, Brent & Moschini, GianCarlo, 2014. "Endogenous market structure and the cooperative firm," Economics Letters, Elsevier, vol. 124(2), pages 283-285.
    4. repec:bla:jecrev:v:68:y:2017:i:1:p:115-130 is not listed on IDEAS
    5. de Pinto Marco & Goerke Laszlo, 2019. "Efficiency Wages in Cournot-Oligopoly," The B.E. Journal of Economic Analysis & Policy, De Gruyter, vol. 19(4), pages 1-13, October.
    6. repec:eee:finsta:v:36:y:2018:i:c:p:53-65 is not listed on IDEAS

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