Welfare Analysis and Policy Implications in Melitz-Type Model Where Markup Differs Across Industries
作者： Kazuyoshi Ohki
DOI: 10.2139/SSRN.2859296
关键词:
摘要: We construct a monopolistic competition model considering different markups across industries and firm-level heterogeneity of productivity. An excess entry occurs in low-markup (competitive) industry, vice versa high-markup (non-competitive) industry. To achieve the optimum allocation, social planner should implement an appropriate mix policies, whose requirement is tighter than homogeneous-firm under some situations. The total amount subsidy (tax) dependent on property distribution when elasticity substitution between above unity.
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