Incorporating Theory-Consistent Endogenous Markups into Applied General-Equilibrium Models
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https://www.nber.org/papers/w31181
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The incorporation of increasing returns and imperfect competition into applied general-equilibrium (AGE) models, beginning with Harris (1984), led to much larger welfare effects from changes such as trade liberalization. But the imperfect competition side of these IO developments has often failed to
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美国国家经济研究局创建时间：
2023-05-01
