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Market power, technical progress and financial fragility
Delli Gatti, Domenico; GALLEGATI, MARCO; Palestrini, Antonio; Tedeschi, Gabriele; Vidal-Tomás, David Elsevier (2024)We explore the nexus of market power, innovation and financial fragility by means of a macroeconomic agent based model whose core is the Dixit-Greenwald-Stiglitz (DGS) theory of firm behaviour, which nests the Greenwald-Stiglitz ...