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Business Cycles : Market Structure and Market Interaction : Contributions to Economics - Kirsten Ralf

Business Cycles : Market Structure and Market Interaction

Contributions to Economics

Paperback ISBN: 9783790812459
Number Of Pages: 191

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The confidence in the market mechanisms for clearing all markets splits the economic profession. In this book, not only the existing business cycle literature is examined within the framework of economic stability, but also the market structure and the interaction of markets are analysed in their impact on the business cycle. Nominal rigidities are shown to exist in the cases of monopoly, monopolistic competition with menu costs. For the case of oligopoly, a new approach is presented. Endogenous cycles are derived for a monopoly model. The interaction of a consumption goods sector and an investment goods sector is dealt with. Substitution between labour and capital with the sector and between the two sectors are identified as the main economic reasons for economic fluctuations. Emphasis is laid on the economic interpretation of the mostly mathematical analysis of optimal growth and overlapping-generations models and a new approach of partial equilibrium.

Introductionp. 1
Basic questions, early theories and empirical evidencep. 7
Stability of the economyp. 23
Survey of modern business cycle theoryp. 41
Market structurep. 73
Market interactionp. 123
Conclusionp. 163
Proofs of the theorems of section 5.2p. 165
The existence of k-SSEp. 171
Bibliographyp. 175
Indexp. 185
Table of Contents provided by Blackwell. All Rights Reserved.

ISBN: 9783790812459
ISBN-10: 3790812455
Series: Contributions to Economics
Audience: General
Format: Paperback
Language: English
Number Of Pages: 191
Publisher: Springer-Verlag Berlin and Heidelberg Gmbh & Co. Kg
Country of Publication: US
Dimensions (cm): 23.39 x 15.6  x 1.09
Weight (kg): 0.29

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