• Title of article

    Monopolistic competition, transaction costs and multiple equilibria

  • Author/Authors

    Ludovic A. Julien، نويسنده , , Nicolas Sanz، نويسنده ,

  • Issue Information
    روزنامه با شماره پیاپی سال 2005
  • Pages
    6
  • From page
    21
  • To page
    26
  • Abstract
    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.
  • Keywords
    Monopolistic competition , Increasing returns , unemployment , Trading costs , Multiple equilibria
  • Journal title
    Economics Letters
  • Serial Year
    2005
  • Journal title
    Economics Letters
  • Record number

    435630

    • Link To Document
    https://search.isc.ac/dl/search/defaultta.aspx?DTC=10&DC=435630