Markup cycles, dynamic misallocation, and amplification

DOI10.1016/J.JET.2014.09.001zbMath1309.91093OpenAlexW2154087252MaRDI QIDQ472187

Johan Walden, Christine A. Parlour, Marcus M. Opp

Publication date: 19 November 2014

Published in: Journal of Economic Theory (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/j.jet.2014.09.001

zbMATH Keywords

dynamic gamesallocative efficiencyoligopolistic competitionDSGE modelsmarkup cycles

Mathematics Subject Classification ID

General equilibrium theory (91B50) Dynamic games (91A25) Special types of economic markets (including Cournot, Bertrand) (91B54) Dynamic stochastic general equilibrium theory (91B51)

Related Items (1)

Measured productivity with endogenous markups and economic profits

Cites Work

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• General equilibrium with price-making firms
• Monopolistic competition, business cycles, and the composition of aggregate demand
• Comparing four models of aggregate fluctuations due to self-fulfilling expectations
• Firm dynamics and markup variations: Implications for sunspot equilibria and endogenous economic fluctuations
• The Network Origins of Aggregate Fluctuations
• Monopolistic Competition: Beyond the Constant Elasticity of Substitution
• The Granular Origins of Aggregate Fluctuations
• Deep Habits
• On the Theory of Infinitely Repeated Games with Discounting
• Time to Build and Aggregate Fluctuations
• Micro Shocks and Aggregate Risk

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