The welfare cost of monopolistic competition revisited

被引：8

作者：

Matheron, J ^{[1
]}

机构：

[1] Univ Paris 10, MODEM, F-92001 Nanterre, France

来源：

ECONOMICS LETTERS | 2002年 / 75卷 / 01期

关键词：

endogenous growth; monopolistic competition; welfare analysis;

D O I：

10.1016/S0165-1765(01)00585-7

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

This paper quantifies the welfare cost of monopolistic competition in a human-capital-based endogenous growth model with analytical solution. For conservative calibrations, it is shown that this welfare cost may be 2% of consumption, well beyond conventional estimates. (C) 2002 Elsevier Science B.V. All rights reserved.

引用

页码：129 / 133

页数：5

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