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Please use this identifier to cite or link to this item: http://hdl.handle.net/10400.5/2648

Title: Productive public expenditure and imperfect competition with endogenous price markup: comment
Authors: Costa, Luís F.
Palma, Nuno
Keywords: Endogenous markup
Issue Date: 2006
Publisher: ISEG – Departamento de Economia
Citation: Costa, Luís F. e Nuno Palma. 2006. "Productive public expenditure and imperfect competition with endogenous price markup: comment". Instituto Superior de Economia e Gestão - DE Working papers nº 24-2006/DE/UECE
Series/Report no.: DE Working papers;nº 24-2006/DE/UECE
Abstract: In a recent article Chen et al. (2005) analyse the role of government expenditure in an imperfectly competitive static model, introducing a government-expenditure externality through the production function. Our purpose in the present paper is to argue that the claim from the authors that their model generates an endogenous markup is in our view incorrect. We argue that their model does not contain an endogenous markup, but a fixed one and that their claim is based upon an incorrect interpretation of what is the marginal cost in their own model.
URI: http://hdl.handle.net/10400.5/2648
ISSN: 0874-4548
Publisher version: https://aquila1.iseg.utl.pt/aquila/getFile.do?method=getFile&fileId=26460
Appears in Collections:UECE - Documentos de Trabalho / UECE - Working Papers
DE - Documentos de trabalho / Working Papers

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