Imperfect Competition and the Fiscal Multiplier
研究了在垄断产品市场但完全竞争劳动力市场的经济中，财政政策在短期（企业数量固定）和长期（自由进入）的影响，检验了垄断程度与财政乘数关系的稳健性。
The impact of fiscal policy in an economy with a monopolistic output market but a perfectly competitive labor market is examined both in the short run, with a fixed number of firms, and in the long run with free entry. The main innovation of the paper is the generality of the assumptions about preferences and technology, which enable the authors to examine the robustness of the relationship between the degree of monopoly and the fiscal multiplier found by R. Startz (1989), N. G. Mankiw (1988), and H. D. Dixon (1987). The specific results of these papers are found to rest on two assumptions: constant returns and Cobb-Douglas preferences. Copyright 1996 by The editors of the Scandinavian Journal of Economics.