Non-existence of market-clearing wages when the output market is imperfectly competitive

Kaas, Leo; Madden, Paul

Non-existence of market-clearing wages when the output market is imperfectly competitive

Dateien

12.pdfGröße: 92.8 KBDownloads: 287

Datum

2004

Autor:innen

Kaas, Leo

Madden, Paul

Open Access-Veröffentlichung

Open Access Green

Sammlungen

Wirtschaftswissenschaften

Publikationstyp

Zeitschriftenartikel

Publikationsstatus

Published

Erschienen in

Economics Letters. 2004, 84(2), pp. 175-182. Available under: doi: 10.1016/j.econlet.2004.01.010

Zusammenfassung

In a sector in which oligopolistic firms face a sector-specific labour supply constraint, there may be no marketclearing wage. Instead, at some wages, there can be two equilibria, one with involuntary unemployment and one with unfilled vacancies.

Fachgebiet (DDC)

330 Wirtschaft

Schlagwörter

Involuntary unemployment, Imperfect competition, Multiple equilibria

Zitieren

ISO 690

KAAS, Leo, Paul MADDEN, 2004. Non-existence of market-clearing wages when the output market is imperfectly competitive. In: Economics Letters. 2004, 84(2), pp. 175-182. Available under: doi: 10.1016/j.econlet.2004.01.010

BibTex

@article{Kaas2004Nonex-12140,
  year={2004},
  doi={10.1016/j.econlet.2004.01.010},
  title={Non-existence of market-clearing wages when the output market is imperfectly competitive},
  number={2},
  volume={84},
  journal={Economics Letters},
  pages={175--182},
  author={Kaas, Leo and Madden, Paul}
}

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Universitätsbibliographie

Ja