Profits, markups and entry: fiscal polic
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Javier Coto-Martı́nez; Huw Dixon
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Article
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2003
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Elsevier Science
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English
⚖ 177 KB
In this paper, we develop a general model of an imperfectly competitive small open economy. There is a traded and non-traded sector, whose outputs are combined in order to produce a single ÿnal good that can be either consumed or invested. We make general assumptions about preferences and technology