Industrial Structure and Economic Performance
Macroeconomic Implications of Consumption and Leisure Externalities
Bibliographic Data
| ID | 10492598 |
|---|---|
| Authors | Cheng‐wei Chang (0000-0001-9181-5229, Department of Economics Tunghai University Taichung Taiwan, corresponding author) |
| Year | 2025 |
| Volume | 73 |
| Issue | 1 |
| Publication date | 2025-09-22 |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Scottish Journal of Political Economy (JOURNAL) |
| Journal identifiers | ISSN: 0036-9292 • E-ISSN: 1467-9485 |
| Publisher | Wiley (PUBLISHER • GB) |
| DOI | 10.1111/sjpe.70033 |
| OpenAlex | W4414409898 |
| Language | EN |
| References cited | 35 |
This paper develops a monopolistic competition macroeconomic model with consumption externalities and leisure externalities, and uses it to discuss economic performance under both vertical separation and vertical integration structures. The results of the analysis show that the feature of consumption externalities and leisure externalities plays an important role in determining the relative macroeconomic performance between these two regimes
Competition (biology · Consumption (sociology · Externality · Macroeconomic model · Monopolistic competition · Network effect · Economic Growth and Productivity · Economic theories and models · Fiscal Policy and Economic Growth
| Highly cited | No |
|---|