3. Innovations, prices, and employment Page 1 3. Innovations, prices, and employment 3.1 Introduction "Research firms are motivated by the prospect of monopoly rents that can be …
JP Benassy - Handbook of mathematical economics, 1991 - Elsevier
Publisher Summary Monopolistic competition is defined as a situation of imperfect competition with some important features:(a) the products sold are differentiated;(b) firms …
Investment decision in developing countries face some additional constraints than in industrial countries. Analysts must consider such additional factors as financial repression …
A Steinherr, C Huveneers - Journal of banking & Finance, 1994 - Elsevier
The paper raises two questions about the industrial economics of banking:-First, why are financial market configurations so different across nations? We discuss the theoretical …
JP Bénassy - Journal of Economic Literature, 1993 - JSTOR
THE LAST TWENTY YEARS have witnessed the development of a new body of theory, in both micro and macroeconom-ics, aimed at generalizing traditional Walrasian theory to …
M Dumont, G Rayp, P Willemé - Oxford Economic Papers, 2006 - academic.oup.com
In this paper, we assess the impact of international trade on union bargaining power in five EU countries, using a two-step estimation procedure. In the first step, we use firm-level data …
RE Backhouse, J Forder, C Laskaridis - European Economic Review, 2023 - Elsevier
The usages of the terms 'natural rate of unemployment'and'NAIRU'(Non-Accelerating Inflation Rate of Unemployment) in English-language publications are considered and …
JF Fagnart, O Licandro, F Portier - Review of Economic Dynamics, 1999 - Elsevier
In a stochastic dynamic general equilibrium framework, we introduce the concept of capacity utilization (as opposed to capital utilization). We consider an economy where monopolistic …
Unlike the US, Europe was a hotbed for general-equilibrium models with rationing (GEMR). Our goal is to explain how and why GEMR became a “European specialty”(Portes, 1987: p …