TEN YEARS OF GENERAL OLIGOPOLISTIC EQUILIBRIUM: A SURVEY
综述了J. Peter Neary设计的将寡头竞争嵌入一般均衡的新方法,涵盖过去十年在开放经济等领域的理论应用,并指出实证研究不足。
Abstract In this paper, I survey the recent and rapidly increasing theoretical literature using the brand‐new approach in embedding oligopolistic competition in general equilibrium, as designed by J. Peter Neary. First, I introduce the reader to Neary's approach, by describing the main ingredients. Then, I present a comprehensive set of studies that, over the last decade, apply this approach in different contexts, most of which are in open economy, and I examine the relevant outcomes. Although the theoretical literature has generously advanced, there is a lack of research on the empirical side, which would be an important area for future research besides theoretical extensions, some of which I highlight in the conclusions.