Concurrence imparfaite, variabilité du taux de marge et fluctuations endogènes
In this paper, we study the emergence of endogenous fluctuations in an overlapping generations model where the product market is imperfectly competitive. We analyze the role of the mark-up variability and the degree of increasing returns on local indeterminacy and the existence of endogenous cycles. We show that endogenous fluctuations can occur even under weak returns to scale.
(This abstract was borrowed from another version of this item.)
Volume (Year): 69 (2003)
Issue (Month): 4 ()
|Contact details of provider:|| Web page: http://www.cairn.info/revue-recherches-economiques-de-louvain.htm|