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Immerisizing Growth in a Monopolistic Competition Model |
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| Authors: | Partha Sen |
| Affiliation: | Delhi School of Economics, Delhi-110 007, India |
| Abstract: | In models of trade with monpolistic competition, firms set prices above marginal cost. An example is provided in this paper in which, because of this, a growth in the labor force lowers welfare per capita. |
| Keywords: | |