GALI, Jordi; ZILIBOTTI, Fabrizio - In: Annales d'Economie et de Statistique (1995) 37-38, pp. 197-213
We analyze the implications for the dynamics of capital accumulation of market power and endogenous demand elasticities, in an environment in which the latter are affected by the number of competitors in each industry. In equilibrium the interest rate increases as capital accumulates, even...