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Comments on the Harrison-Rutherford-Tarr CGE Model with Imperfect Competition and Increasing Returns to Scale

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dc.creator De Santis, Roberto A.
dc.date 1999
dc.date.accessioned 2013-10-16T06:56:40Z
dc.date.available 2013-10-16T06:56:40Z
dc.date.issued 2013-10-16
dc.identifier http://hdl.handle.net/10419/17773
dc.identifier ppn:265643775
dc.identifier.uri http://koha.mediu.edu.my:8181/xmlui/handle/10419/17773
dc.description Harrison, Rutherford and Tarr (1997) use a multiregional Computable General Equilibrium (CGE) model with a CES multistage demand system, imperfect competition, increasing returns to scale (IRS), and two endogenous price elasticities of demand perceived by a firm in each national market, in order to quantify the reforms of the Uruguay Round, when firms compete in a quantity setting oligopoly with constant conjectures. This paper argues that the derivation of the price markups is based on two incorrect assumptions, which might affect their empirical results, especially on output and welfare.
dc.language eng
dc.publisher Kiel Institute for the World Economy (IfW) Kiel
dc.relation Kieler Arbeitspapiere 907
dc.rights http://www.econstor.eu/dspace/Nutzungsbedingungen
dc.subject D43
dc.subject D58
dc.subject ddc:330
dc.subject Price markup
dc.subject Computable General Equilibrium analysis
dc.subject Allgemeines Gleichgewicht
dc.subject Mark-up Pricing
dc.subject Theorie
dc.title Comments on the Harrison-Rutherford-Tarr CGE Model with Imperfect Competition and Increasing Returns to Scale
dc.type doc-type:workingPaper


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