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Dynamic Macroeconomics with Imperfect Competition
Leo Kaas
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Description for Dynamic Macroeconomics with Imperfect Competition
Paperback. This is a study of the effects of imperfect competition between firms on the occurrence of macroeconomic disequilibria and their dynamic evolution. Series: Lecture Notes in Economics and Mathematical Systems. Num Pages: 166 pages, 4 black & white illustrations, biography. BIC Classification: KCA; KJF; PBWH. Category: (P) Professional & Vocational; (UP) Postgraduate, Research & Scholarly. Dimension: 235 x 155 x 9. Weight in Grams: 284.
This thesis was stimulated throughout the time of my participation in a research project on Dynamic Macroeconomics, supported by the German Research Foundation (DFG). The starting point was the central question of how to integrate price setting firms in a dynamic disequilibrium model. Almost all recent literature on imperfect competition in macroeconomics applies the objective demand approach by assuming that firms know the true demand curve they are faced with. While this approach can be ap plied in temporary monetary equilibrium models, it proves inadequate for formulating price adjustment in a dynamic disequilibrium model, where it has to be replaced ... Read more
This thesis was stimulated throughout the time of my participation in a research project on Dynamic Macroeconomics, supported by the German Research Foundation (DFG). The starting point was the central question of how to integrate price setting firms in a dynamic disequilibrium model. Almost all recent literature on imperfect competition in macroeconomics applies the objective demand approach by assuming that firms know the true demand curve they are faced with. While this approach can be ap plied in temporary monetary equilibrium models, it proves inadequate for formulating price adjustment in a dynamic disequilibrium model, where it has to be replaced ... Read more
Product Details
Format
Paperback
Publication date
1999
Publisher
Springer-Verlag Berlin and Heidelberg GmbH & Co. KG Germany
Number of pages
166
Condition
New
Series
Lecture Notes in Economics and Mathematical Systems
Number of Pages
155
Place of Publication
Berlin, Germany
ISBN
9783540660293
SKU
V9783540660293
Shipping Time
Usually ships in 15 to 20 working days
Ref
99-15
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