This is a preview. Log in through your library . Abstract Recent monopolistic competition models have identified three main sources of the gains from trade: (1) the introduction of new varieties for ...

The standard formal presentation of the Dixit-Stiglitz-Krugman (DSK) model of monopolistic competition with a constant-elasticity-of-substitution (CES) utility function supposes a sufficient number of ...

It has been shown that under perfect competition and a Cobb-Douglas production function, a basic real business cycle model may exhibit indeterminacy and sunspot fluctuations when income tax rates are ...