Dynamic Macroeconomics with Imperfect Competition PDF
By:Leo Kaas
Published on 2012-12-06 by Springer Science & Business Media
DOWNLOAD HERE !
This thesis was stimulated throughout the time of my participation in a research project on Dynamic Macroeconomics, supported by the German Research Foundation (DFG). The starting point was the central question of how to integrate price setting firms in a dynamic disequilibrium model. Almost all recent literature on imperfect competition in macroeconomics applies the objective demand approach by assuming that firms know the true demand curve they are faced with. While this approach can be ap plied in temporary monetary equilibrium models, it proves inadequate for formulating price adjustment in a dynamic disequilibrium model, where it has to be replaced by the concept of subjective demand. Based on this distinction, the thesis starts out with a comparison of the concepts of subjective and objective demand in an abstract framework and surveys the literature on general equilibrium theory with imperfect competition. The objective demand approach is criticized not only on the grounds of its strong rationality requirements and existence problems, but also by the observation that it cannot be applied successfully to characterize determinate rational expectations equilibria in intertemporal macroeco nomics. Finally, price setting firms using subjective demand functions are integrated in a dynamic disequilibrium model in order to study mo nopolistic and oligopolistic price adjustment.
This Book was ranked at 41 by Google Books for keyword Macroeconomics.
Book ID of Dynamic Macroeconomics with Imperfect Competition's Books is IKjxCAAAQBAJ, Book which was written byLeo Kaashave ETAG "USXqmaVjKec"
Book which was published by Springer Science & Business Media since 2012-12-06 have ISBNs, ISBN 13 Code is 9783642584794 and ISBN 10 Code is 3642584799
Reading Mode in Text Status is false and Reading Mode in Image Status is true
Book which have "155 Pages" is Printed at BOOK under CategoryBusiness and Economics
Book was written in en
eBook Version Availability Status at PDF is true and in ePub is false
Book Preview
DOWNLOAD NOW !
Download Dynamic Macroeconomics with Imperfect Competition PDF Free
Download Dynamic Macroeconomics with Imperfect Competition Book Free
Download Dynamic Macroeconomics with Imperfect Competition Free
Download Dynamic Macroeconomics with Imperfect Competition PDF
Download Dynamic Macroeconomics with Imperfect Competition Book
How to Download Dynamic Macroeconomics with Imperfect Competition Book
How to Download Dynamic Macroeconomics with Imperfect Competition
How to Download Dynamic Macroeconomics with Imperfect Competition pdf
How to Download Dynamic Macroeconomics with Imperfect Competition free
Free Download Dynamic Macroeconomics with Imperfect Competition
