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1 - Industrial Structure and the Macroeconomy: A Few Premises for a Macromodel

from Part One - Theory

Published online by Cambridge University Press:  07 December 2019

Marco Mazzoli ,
Matteo Morini  and
Pietro Terna
Marco Mazzoli
Affiliation:
Università degli Studi di Genova
Matteo Morini
Affiliation:
Università degli Studi di Torino, Italy
Pietro Terna
Affiliation:
Università degli Studi di Torino, Italy
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Summary

We briefly discuss the rationale and the premises for the theoretical model of the book and how does our theoretical model relate to the existing and related literature. The model describes an economy with an oligopolistic industrial sector and our purpose is to analyze the interactions between the market structure and the macroeconomy – in particular, how does the equilibrium among the oligopolistic firms impact the macroeconomy and how does the macroeconomy impact back on the equilibrium among the oligopolistic firms? We set the premises of the whole work, exploring the theoretical pillars of the relationships between the industrial structure and the macroeconomy.

Keywords

theoretical modeloligopolyfirmsmarket structuremacroeconomy
Type
Chapter
Information
Rethinking Macroeconomics with Endogenous Market Structure , pp. 11 - 25
Publisher: Cambridge University Press
Print publication year: 2019

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