Monopolistic Competition and Macroeconomic Theory

by Robert Solow

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Much of today's conventional macroeconomic theory presumes that markets for goods approach the state of perfect competition. Monopolistic Competition and Macroeconomic Theory assumes that markets are imperfect, so that sellers have some power over price, and must therefore form quantity expectations about the location of the firm's demand curve. The question is then about the macroeconomic implications of imperfect competition in goods markets. The...

Format:Paperback

Language:English

ISBN:0521626161

ISBN13:9780521626163

Release Date:November 1998

Publisher:Cambridge University Press

Length:90 Pages

Weight:0.40 lbs.

Dimensions:0.2" x 5.3" x 8.4"

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Business Business & Investing

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Monopolistic Competition and Macroeconomic Theory

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