G2TT
来源类型Discussion paper
规范类型论文
来源IDDP11642
DP11642 Distorted monopolistic competition
Kristian Behrens; Giordano Mion; Jens Südekum; Yasusada Murata
发表日期2016-11-16
出版年2016
语种英语
摘要We characterize the equilibrium and optimal resource allocations in a general equilibrium model of monopolistic competition with multiple asymmetric sectors and heterogeneous firms. We first derive general results for additively separable preferences and general productivity distributions, and then analyze specific examples that allow for closed-form solutions and a simple quantification procedure. Using data for France and the United Kingdom, we find that the aggregate welfare distortion — due to inefficient labor allocation and firm entry between sectors and inefficient selection and output within sectors — is equivalent to the contribution of 6–8% of the total labor input.
主题International Trade and Regional Economics
关键词Monopolistic competition Welfare distortion Intersectoral distortions Intrasectoral distortions
URLhttps://cepr.org/publications/dp11642
来源智库Centre for Economic Policy Research (United Kingdom)
资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/540456
推荐引用方式
GB/T 7714
Kristian Behrens,Giordano Mion,Jens Südekum,et al. DP11642 Distorted monopolistic competition. 2016.
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