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.
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页码：129 / 133
页数：5
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