Endogenous market structures and the macroeconomy:
Gespeichert in:
1. Verfasser: | |
---|---|
Format: | Buch |
Sprache: | English |
Veröffentlicht: |
Dordrecht [u.a]
Springer
2009
|
Schlagworte: | |
Online-Zugang: | Inhaltsverzeichnis |
Beschreibung: | XX, 346 S. graph. Darst. |
ISBN: | 9783540874263 |
Internformat
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Datensatz im Suchindex
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---|---|
adam_text | Contents
1.
Neoclassical Macroeconomics
............................. 1
1.1
The
Microfoundation
of Macroeconomics
.................. 2
1.1.1
Consumption demand and labor supply
............. 3
1.1.2
Public spending and fiscal policy
................... 6
1.1.3
Money demand and monetary policy
................ 9
1.1.4
Labor and capital demand by firms
................. 11
1.1.5
Perfect competition and market structure indeterminacy
12
1.1.6
Market clearing and general equilibrium
............. 14
1.2
Growth
............................................... 16
1.2.1
The Solow model
................................. 16
1.2.2
The Diamond model
.............................. 17
1.2.3
Dynamic fiscal policy
............................. 20
1.2.4
Dynamic monetary policy
......................... 22
1.2.5
Neoclassical endogenous growth
.................... 24
1.3
International Finance and Trade
.......................... 26
1.3.1
International finance
.............................. 27
1.3.2
International fiscal policy
.......................... 29
1.3.3
International monetary and exchange rate policy
..... 30
1.3.4
International trade theory
......................... 33
1.3.5
International trade policy
......................... 36
1.4
Business Cycles
........................................ 37
1.4.1
The Ramsey model
............................... 37
1.4.2
Real Business Cycles
.............................. 40
1.4.3
Monopolistic firms with exogenous entry
............ 46
1.5
Conclusions
............................................ 50
2.
The EMSs Approach to Macroeconomics
................. 51
2.1
EMSs in Partial Equilibrium
............................. 55
2.2
Microfounded EMSs
.................................... 60
2.2.1
EMSs with competition in quantities
................ 60
2.2.2
EMSs with competition in prices
................... 63
2.2.3
Optimal EMSs
................................... 64
2.3
EMSs with Isoelastic Sub-utility
.......................... 65
2.3.1
Cournot competition
.............................. 67
xviii Contents
2.3.2 Bertrand
competition
............................. 69
2.3.3
Stackelberg competition
........................... 71
2.3.4
Collusion, endogenous entry costs and other extensions
73
2.4
EMSs in a Two Period Economy
......................... 5
2.5
EMSs in General Equilibrium
............................ 78
2.6
EMSs in an Infinite Periods General Equilibrium Economy
.. 81
2.6.1
A model of business creation with Cournot competition
82
2.6.2
EMSs in the long run
............................. 87
2.7
Business Cycle
......................................... 88
2.8
Trade
................................................. 90
2.9
Growth
............................................... 91
2.10
Conclusions
............................................ 93
3.
Endogenous Market Structures and Business Cycles
...... 95
3.1
Empirical Evidence on EMSs over the Business Cycle
....... 98
3.1.1
Business cycle fluctuations in the U.S
...............100
3.1.2
VAR
analysis
....................................103
3.2
A Model of the Business Cycle with EMSs
.................105
3.2.1
Cournot competition
..............................108
3.2.2
Bertrand
competition
.............................109
3.2.3
Stackelberg competition and imperfect collusion
......110
3.2.4
Short run EMSs
..................................110
3.3
Steady State EMSs
.....................................114
3.3.1
Dynamics and steady state under Cournot competition
115
3.3.2
Dynamics and steady state under
Bertrand
competition
118
3.4
Impulse Response Functions and Second Moments
..........120
3.4.1
Supply shocks
....................................121
3.4.2
Demand shocks
..................................125
3.4.3
Second moments
.................................128
3.5
EMSs and Accumulation of Physical Capital
...............130
3.6
Fiscal Policy
...........................................133
3.7
Monetary Policy
........................................137
3.8
Labor and Credit Market Imperfections
...................141
3.9
Conclusions
............................................144
4.
Endogenous Market Structures and International Trade and
Finance
...................................................145
4.1
Empirical Evidence on EMSs and Market Size Effects
.......149
4.1.1
Panel data on the number of firms
..................150
4.1.2
Cross-sectional data on firms production
............153
4.2
A Model of Trade with EMSs
............................156
4.2.1
The Krugman model
..............................157
4.2.2
Cournot competition
..............................158
4.2.3
Bertrand
competition
.............................160
4.2.4
Gains from trade and business destruction
...........161
Contents xix
4.3 The Ghironi-Melitz Model...............................163
4.3.1 International
trade and business cycle...............
164
4.3.2 International
finance and macroeconomic policy
...... 167
4.4
Trade Policy and Import Tariffs
.......................... 169
4.5
Strategic Export Promotion
............................. 172
4.5.1
A model of international competition
............... 173
4.5.2
Optimal trade policy
á
la
Brander-Spencer
.......... 174
4.5.3
Optimal trade policy with EMSs
................... 175
4.6
Trade Policy and Export Subsidies
........................ 177
4.6.1
Optimal trade policy with Cournot competition
......177
4.6.2
Optimal trade policy with
Bertrand
competition
.....181
4.7
Protectionism, Lobbying and Trade Wars
..................183
4.7.1
Indirect export promotion and infant industries
......184
4.7.2
The political economy of export promotion
..........184
4.7.3
Nash equilibrium trade policy
......................186
4.8
Exchange Rate Policy
...................................187
4.8.1
Competitive devaluations with Cournot competition
.. 189
4.8.2
Competitive devaluations with
Bertrand
competition
. . 190
4.9
R&D Policy and IPRs Protection
.........................193
4.10
Conclusions
............................................195
5.
Endogenous Market Structures and Growth
..............197
5.1
Empirical Evidence on EMSs and Innovation by Leaders
.... 200
5.1.1
Data Sources on R&D, Entry and Leadership
........201
5.1.2
Tobit Regressions
................................203
5.1.3
Instrumental variables for entry
....................207
5.2
A Model of Endogenous Growth
..........................212
5.2.1
Cournot competition
..............................215
5.2.2
Bertrand
competition
.............................216
5.2.3
The
Romer
model
................................216
5.2.4
The Peretto model with EMSs
.....................217
5.3
A Model of Schumpeterian Growth
.......................219
5.3.1
Patent races
.....................................220
5.3.2
The Aghion-Howitt model
.........................222
5.3.3
A Schumpeterian model with EMSs
.................223
5.4
EMSs with Growth Leaders
..............................226
5.5
Fiscal Policy
...........................................231
5.6
Monetary Policy
........................................236
5.7
Growth and International Trade and Finance
..............240
5.7.1
Endogenous size of national markets and global growth
241
5.7.2
World technological leadership
.....................243
5.7.3
Optimal R&D policy in the open economy
...........245
5.8
Conclusions
............................................246
xx Contents
6.
Economie
Principles and Policy for the New Economy
.... 247
6.1
Short-run EMSs and the Competition Effect
...............248
6.1.1
The boom of the
90s..............................250
6.1.2
The current global recession
.......................252
6.2
Steady-state EMSs and Entry
............................258
6.2.1
Entry and business creation in the U.S
..............261
6.2.2
Cloud computing: the impact of a General Purpose
Technology
......................................263
6.3
Gains from Trade and the Effects of Globalization
..........267
6.4
Growth Driven by Leaders
...............................271
6.4.1
Online advertising: market structure and innovation
.. 273
6.4.2
Google economics
................................276
6.5
Dynamic Inefficiency
....................................277
6.6
Fiscal Policy
...........................................279
6.6.1
Fiscal policy in the U.S. and the E.U
................281
6.6.2
A supply-based fiscal policy
........................284
6.7
Monetary Policy
........................................285
6.7.1
Monetary policy in the U.S. and the E.U
............287
6.8
Trade Policy
...........................................290
6.9
Exchange Rate Policy
...................................294
6.10
Innovation and Competition Policy
.......................299
6.10.1
Innovation policy and coordination
.................300
6.10.2
Competition policy in the U.S. and the E.U
..........301
6.10.3
Entry and competition in the browsers market
.......305
6.11
Conclusions
............................................308
7.
Epilogue
..................................................309
8.
References
................................................313
Index
.........................................................339
|
adam_txt |
Contents
1.
Neoclassical Macroeconomics
. 1
1.1
The
Microfoundation
of Macroeconomics
. 2
1.1.1
Consumption demand and labor supply
. 3
1.1.2
Public spending and fiscal policy
. 6
1.1.3
Money demand and monetary policy
. 9
1.1.4
Labor and capital demand by firms
. 11
1.1.5
Perfect competition and market structure indeterminacy
12
1.1.6
Market clearing and general equilibrium
. 14
1.2
Growth
. 16
1.2.1
The Solow model
. 16
1.2.2
The Diamond model
. 17
1.2.3
Dynamic fiscal policy
. 20
1.2.4
Dynamic monetary policy
. 22
1.2.5
Neoclassical endogenous growth
. 24
1.3
International Finance and Trade
. 26
1.3.1
International finance
. 27
1.3.2
International fiscal policy
. 29
1.3.3
International monetary and exchange rate policy
. 30
1.3.4
International trade theory
. 33
1.3.5
International trade policy
. 36
1.4
Business Cycles
. 37
1.4.1
The Ramsey model
. 37
1.4.2
Real Business Cycles
. 40
1.4.3
Monopolistic firms with exogenous entry
. 46
1.5
Conclusions
. 50
2.
The EMSs Approach to Macroeconomics
. 51
2.1
EMSs in Partial Equilibrium
. 55
2.2
Microfounded EMSs
. 60
2.2.1
EMSs with competition in quantities
. 60
2.2.2
EMSs with competition in prices
. 63
2.2.3
Optimal EMSs
. 64
2.3
EMSs with Isoelastic Sub-utility
. 65
2.3.1
Cournot competition
. 67
xviii Contents
2.3.2 Bertrand
competition
. 69
2.3.3
Stackelberg competition
. 71
2.3.4
Collusion, endogenous entry costs and other extensions
73
2.4
EMSs in a Two Period Economy
. "5
2.5
EMSs in General Equilibrium
. 78
2.6
EMSs in an Infinite Periods General Equilibrium Economy
. 81
2.6.1
A model of business creation with Cournot competition
82
2.6.2
EMSs in the long run
. 87
2.7
Business Cycle
. 88
2.8
Trade
. 90
2.9
Growth
. 91
2.10
Conclusions
. 93
3.
Endogenous Market Structures and Business Cycles
. 95
3.1
Empirical Evidence on EMSs over the Business Cycle
. 98
3.1.1
Business cycle fluctuations in the U.S
.100
3.1.2
VAR
analysis
.103
3.2
A Model of the Business Cycle with EMSs
.105
3.2.1
Cournot competition
.108
3.2.2
Bertrand
competition
.109
3.2.3
Stackelberg competition and imperfect collusion
.110
3.2.4
Short run EMSs
.110
3.3
Steady State EMSs
.114
3.3.1
Dynamics and steady state under Cournot competition
115
3.3.2
Dynamics and steady state under
Bertrand
competition
118
3.4
Impulse Response Functions and Second Moments
.120
3.4.1
Supply shocks
.121
3.4.2
Demand shocks
.125
3.4.3
Second moments
.128
3.5
EMSs and Accumulation of Physical Capital
.130
3.6
Fiscal Policy
.133
3.7
Monetary Policy
.137
3.8
Labor and Credit Market Imperfections
.141
3.9
Conclusions
.144
4.
Endogenous Market Structures and International Trade and
Finance
.145
4.1
Empirical Evidence on EMSs and Market Size Effects
.149
4.1.1
Panel data on the number of firms
.150
4.1.2
Cross-sectional data on firms' production
.153
4.2
A Model of Trade with EMSs
.156
4.2.1
The Krugman model
.157
4.2.2
Cournot competition
.158
4.2.3
Bertrand
competition
.160
4.2.4
Gains from trade and business destruction
.161
Contents xix
4.3 The Ghironi-Melitz Model.163
4.3.1 International
trade and business cycle.
164
4.3.2 International
finance and macroeconomic policy
. 167
4.4
Trade Policy and Import Tariffs
. 169
4.5
Strategic Export Promotion
. 172
4.5.1
A model of international competition
. 173
4.5.2
Optimal trade policy
á
la
Brander-Spencer
. 174
4.5.3
Optimal trade policy with EMSs
. 175
4.6
Trade Policy and Export Subsidies
. 177
4.6.1
Optimal trade policy with Cournot competition
.177
4.6.2
Optimal trade policy with
Bertrand
competition
.181
4.7
Protectionism, Lobbying and Trade Wars
.183
4.7.1
Indirect export promotion and infant industries
.184
4.7.2
The political economy of export promotion
.184
4.7.3
Nash equilibrium trade policy
.186
4.8
Exchange Rate Policy
.187
4.8.1
Competitive devaluations with Cournot competition
. 189
4.8.2
Competitive devaluations with
Bertrand
competition
. . 190
4.9
R&D Policy and IPRs Protection
.193
4.10
Conclusions
.195
5.
Endogenous Market Structures and Growth
.197
5.1
Empirical Evidence on EMSs and Innovation by Leaders
. 200
5.1.1
Data Sources on R&D, Entry and Leadership
.201
5.1.2
Tobit Regressions
.203
5.1.3
Instrumental variables for entry
.207
5.2
A Model of Endogenous Growth
.212
5.2.1
Cournot competition
.215
5.2.2
Bertrand
competition
.216
5.2.3
The
Romer
model
.216
5.2.4
The Peretto model with EMSs
.217
5.3
A Model of Schumpeterian Growth
.219
5.3.1
Patent races
.220
5.3.2
The Aghion-Howitt model
.222
5.3.3
A Schumpeterian model with EMSs
.223
5.4
EMSs with Growth Leaders
.226
5.5
Fiscal Policy
.231
5.6
Monetary Policy
.236
5.7
Growth and International Trade and Finance
.240
5.7.1
Endogenous size of national markets and global growth
241
5.7.2
World technological leadership
.243
5.7.3
Optimal R&D policy in the open economy
.245
5.8
Conclusions
.246
xx Contents
6.
Economie
Principles and Policy for the New Economy
. 247
6.1
Short-run EMSs and the Competition Effect
.248
6.1.1
The boom of the
90s.250
6.1.2
The current global recession
.252
6.2
Steady-state EMSs and Entry
.258
6.2.1
Entry and business creation in the U.S
.261
6.2.2
Cloud computing: the impact of a General Purpose
Technology
.263
6.3
Gains from Trade and the Effects of Globalization
.267
6.4
Growth Driven by Leaders
.271
6.4.1
Online advertising: market structure and innovation
. 273
6.4.2
Google economics
.276
6.5
Dynamic Inefficiency
.277
6.6
Fiscal Policy
.279
6.6.1
Fiscal policy in the U.S. and the E.U
.281
6.6.2
A supply-based fiscal policy
.284
6.7
Monetary Policy
.285
6.7.1
Monetary policy in the U.S. and the E.U
.287
6.8
Trade Policy
.290
6.9
Exchange Rate Policy
.294
6.10
Innovation and Competition Policy
.299
6.10.1
Innovation policy and coordination
.300
6.10.2
Competition policy in the U.S. and the E.U
.301
6.10.3
Entry and competition in the browsers' market
.305
6.11
Conclusions
.308
7.
Epilogue
.309
8.
References
.313
Index
.339 |
any_adam_object | 1 |
any_adam_object_boolean | 1 |
author | Etro, Federico |
author_facet | Etro, Federico |
author_role | aut |
author_sort | Etro, Federico |
author_variant | f e fe |
building | Verbundindex |
bvnumber | BV035151405 |
callnumber-first | H - Social Science |
callnumber-label | HD75 |
callnumber-raw | HD75 |
callnumber-search | HD75 |
callnumber-sort | HD 275 |
callnumber-subject | HD - Industries, Land Use, Labor |
classification_rvk | QC 300 |
ctrlnum | (OCoLC)268931900 (DE-599)DNB989960773 |
dewey-full | 338.9 339.5 |
dewey-hundreds | 300 - Social sciences |
dewey-ones | 338 - Production 339 - Macroeconomics and related topics |
dewey-raw | 338.9 339.5 |
dewey-search | 338.9 339.5 |
dewey-sort | 3338.9 |
dewey-tens | 330 - Economics |
discipline | Wirtschaftswissenschaften |
discipline_str_mv | Wirtschaftswissenschaften |
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id | DE-604.BV035151405 |
illustrated | Illustrated |
index_date | 2024-07-02T22:46:48Z |
indexdate | 2024-07-09T21:26:09Z |
institution | BVB |
isbn | 9783540874263 |
language | English |
oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-016958645 |
oclc_num | 268931900 |
open_access_boolean | |
owner | DE-N2 DE-355 DE-BY-UBR DE-83 DE-12 DE-384 DE-188 |
owner_facet | DE-N2 DE-355 DE-BY-UBR DE-83 DE-12 DE-384 DE-188 |
physical | XX, 346 S. graph. Darst. |
publishDate | 2009 |
publishDateSearch | 2009 |
publishDateSort | 2009 |
publisher | Springer |
record_format | marc |
spelling | Etro, Federico Verfasser aut Endogenous market structures and the macroeconomy Federico Etro Dordrecht [u.a] Springer 2009 XX, 346 S. graph. Darst. txt rdacontent n rdamedia nc rdacarrier Macroeconomics Endogenes Wirtschaftswachstum (DE-588)4378670-4 gnd rswk-swf Marktstruktur (DE-588)4037647-3 gnd rswk-swf Konjunkturzyklus (DE-588)4032134-4 gnd rswk-swf Makroökonomie (DE-588)4037174-8 gnd rswk-swf Endogene Variable (DE-588)4210187-6 gnd rswk-swf Welthandel (DE-588)4065365-1 gnd rswk-swf Mikroökonomische Fundierung (DE-588)4206633-5 gnd rswk-swf Marktstruktur (DE-588)4037647-3 s Makroökonomie (DE-588)4037174-8 s Mikroökonomische Fundierung (DE-588)4206633-5 s DE-604 Endogene Variable (DE-588)4210187-6 s Endogenes Wirtschaftswachstum (DE-588)4378670-4 s Konjunkturzyklus (DE-588)4032134-4 s Welthandel (DE-588)4065365-1 s Erscheint auch als Online-Ausgabe 978-3-540-87427-0 Digitalisierung UB Regensburg application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=016958645&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
spellingShingle | Etro, Federico Endogenous market structures and the macroeconomy Macroeconomics Endogenes Wirtschaftswachstum (DE-588)4378670-4 gnd Marktstruktur (DE-588)4037647-3 gnd Konjunkturzyklus (DE-588)4032134-4 gnd Makroökonomie (DE-588)4037174-8 gnd Endogene Variable (DE-588)4210187-6 gnd Welthandel (DE-588)4065365-1 gnd Mikroökonomische Fundierung (DE-588)4206633-5 gnd |
subject_GND | (DE-588)4378670-4 (DE-588)4037647-3 (DE-588)4032134-4 (DE-588)4037174-8 (DE-588)4210187-6 (DE-588)4065365-1 (DE-588)4206633-5 |
title | Endogenous market structures and the macroeconomy |
title_auth | Endogenous market structures and the macroeconomy |
title_exact_search | Endogenous market structures and the macroeconomy |
title_exact_search_txtP | Endogenous market structures and the macroeconomy |
title_full | Endogenous market structures and the macroeconomy Federico Etro |
title_fullStr | Endogenous market structures and the macroeconomy Federico Etro |
title_full_unstemmed | Endogenous market structures and the macroeconomy Federico Etro |
title_short | Endogenous market structures and the macroeconomy |
title_sort | endogenous market structures and the macroeconomy |
topic | Macroeconomics Endogenes Wirtschaftswachstum (DE-588)4378670-4 gnd Marktstruktur (DE-588)4037647-3 gnd Konjunkturzyklus (DE-588)4032134-4 gnd Makroökonomie (DE-588)4037174-8 gnd Endogene Variable (DE-588)4210187-6 gnd Welthandel (DE-588)4065365-1 gnd Mikroökonomische Fundierung (DE-588)4206633-5 gnd |
topic_facet | Macroeconomics Endogenes Wirtschaftswachstum Marktstruktur Konjunkturzyklus Makroökonomie Endogene Variable Welthandel Mikroökonomische Fundierung |
url | http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=016958645&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |
work_keys_str_mv | AT etrofederico endogenousmarketstructuresandthemacroeconomy |