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"Imperfectly competitive markets, trade unions and inflation: Do imperfectly competitive markets transmit more inflation than perfectly competitive ones? A theoretical appraisal"

Corchon, Luis (1994): "Imperfectly competitive markets, trade unions and inflation: Do imperfectly competitive markets transmit more inflation than perfectly competitive ones? A theoretical appraisal". Unpublished.

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Abstract

In this paper we study the conjecture that oligopoly or imperfect competition causes more inflation than perfect competiton. We find necessary and sufficient conditions for this to occur.

Item Type:MPRA Paper
Language:English
Keywords:Inflation Oligopoly Trade Unions
Subjects:L - Industrial Organization > L1 - Market Structure, Firm Strategy, and Market Performance > L13 - Oligopoly and Other Imperfect Markets
E - Macroeconomics and Monetary Economics > E3 - Prices, Business Fluctuations, and Cycles > E31 - Price Level; Inflation; Deflation
J - Labor and Demographic Economics > J5 - Labor-Management Relations, Trade Unions, and Collective Bargaining > J51 - Trade Unions: Objectives, Structure, and Effects
ID Code:18627
Deposited By:Luis C. Corchon
Deposited On:18. Nov 2009 01:52
Last Modified:24. Nov 2009 08:29
References:

Bulow, J, J. Geanakopolos, P. Klemperer (1985). "Multimarket Oligopoly". Journal of Political Economy 93, 488-511.

Dixit, A. and J. Stiglitz (1977). "Monopolistic Competition and Optimum Product Diversity". American Economic review 67, 297-308.

Hart, O. (1982). "A model of imperfect competition with Keynesain features". Quarterly Journal of Economics 97, 89-138

Nash, J, (1950). "The Bargaining problem". Econometrica 18, 155-162

Salop, S. (1979). "Monopolistic Competition with Outside Goods". The Bell Journal of Economics, 10, 141-155.

Spence, M. (1976). "Product selection, fixed costs and monopolistic competition". Review of Economic Studies, 43, 217-235.

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