Monopolistic competition, transaction costs and multiple equilibria

被引：2
|
作者：
Julien, LA [1 ]
Sanz, N [1 ]
机构：
[1] Univ Paris 10, FORUM, SEGMI, UFR, F-92001 Nanterre, France
来源：
ECONOMICS LETTERS | 2005年 / 87卷 / 01期
关键词：
trading costs; monopolistic competition; multiple equilibria; increasing returns; unemployment;
D O I：
10.1016/j.econlet.2004.08.010
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
This paper analyzes the role of transactions costs in a macroeconomic model of monopolistic competition. If there is sufficient increasing returns to scale in transaction technology, the economy exhibits multiple equilibria even if the production technology is constant or decreasing returns to scale. (c) 2004 Elsevier B.V. All rights reserved.
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页码：21 / 26
页数：6
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