The Megacorp and Oligopoly: Micro Foundations of Macro Dynamics

By A. Eichner. 2008

118 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/290b645bd0146db726d4199452e86c9083b6246d

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Citations in the corpus

Some instability puzzles in Kaleckian models of growth and distribution: A critical survey (2011, unknown): “Although several post-Keynesian authors have picked up some form or another of the Cambridge price mechanism – authors such as G.C. Harcourt (1972, p. 211), Adrian Wood (1975), Alfred Eichner (1976) and Nicholas Kaldor (1985, p. 51) have argued that oligopolistic firms raise profit margins when face”
Agent based-stock flow consistent macroeconomics: Towards a benchmark model (2016, background): “(14)A Empirical evidence shows that firms normally display excess capacity, aiming for normal rates of utilization ranging in the 80-90% range (Eichner, 1976). Steindl (1952) and Lavoie (1992) suggest that firms plan some excess capacity in order to avoid to constrain demand in case of large growth ”
A synthetic, stock--flow consistent macroeconomic model of 'financialisation' (2009, unknown): “This trivialisation of managers’ desire to accumulate has always been rejected by Post Keynesian and institutionalist authors (e.g. Galbraith, 1969; Eichner, 1976; Lavoie, 1992).”
Reconsidering the Investment-Profit Nexus in Finance-Led Economies: An ARDL-Based Approach (2008, methodology): “10 Hein extends Lavoie’s analysis by considering the possibility of an interest-elastic mark-up and experiments with different accumulation functions: one (Hein, 2006b) produces “stagnationist” results, the other (Hein, 2006a) is based on the Bhaduri-Marglin model. 11 See Sraffa (1960), and, more re”