Economy-wide analysis of regulatory and competition policy a prototype general equilibrium model*
This document describes the structure and behaviour of a numerical comparative static model of an almost small open economy with five primary factors and any number of product markets. Unlike most such models, all firms in all sectors are oligopolistic in behaviour, with the degree of product market power depending on the size of recurrent fixed costs per plant, the elasticity of demand faced by each and the level of strategic interactions between firms, as captured by calibrated conjectural...[Show more]
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