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Entry and Exit, Product Variety and the Business Cycle

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NBER1993-12-01 更新2025-01-04 收录
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https://www.nber.org/papers/w4562
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We study the stochastic behavior of a dynamic general equilibrium model with monopolistic competition. Each seller sells his product in the consumption goods as well as the investment goods market and has market power in both. Consumers derive utility from a CES aggregate of all the consumption
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1993-12-01
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