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Market Power in Neoclassical Growth Models

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NBER2021-03-01 更新2025-01-04 收录
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https://www.nber.org/papers/w28538
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This paper examines the optimal accumulation of capital and the effects of government debt in neoclassical growth models in which firms have market power and therefore charge prices above marginal cost. In this environment, the real interest rate earned by savers is less than the net marginal
创建时间:
2021-03-01
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