文章基本信息

标题：Distorted monopolistic competition
本地全文：下载
作者：Kristian Behrens ; Giordano Mion ; Yasusada Murata 等
期刊名称：CEP Discussion Paper
出版年度：2016
卷号：2016
语种：English
出版社：Centre for Economic Performance
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 labour allocation and firm entry between sectors and inefficient selection and output within sectors -- is equivalent to the contribution of 6-8% of the total labour input.
关键词：monopolistic competition;welfare distortion;intersectoral distortions