Involuntary Unemployment in a Model with Increasing Returns and Imperfect Competition in the Labour Market
Author : Robert Woods
Publisher :
Page : 47 pages
File Size : 20,36 MB
Release : 1992
Category :
ISBN :
Author : Robert Woods
Publisher :
Page : 47 pages
File Size : 20,36 MB
Release : 1992
Category :
ISBN :
Author : Michel de Vroey
Publisher : Psychology Press
Page : 315 pages
File Size : 14,59 MB
Release : 2004
Category : Employment (Economic theory)
ISBN : 0415407109
This book tackles the issue of involuntary employment, examining the issue in the light of Keynesian and Post-Keynesian theory.
Author : Huw Dixon
Publisher :
Page : 72 pages
File Size : 34,14 MB
Release : 1992
Category : Competition, Imperfect
ISBN :
Author : Kai-Uwe Kühn
Publisher :
Page : 44 pages
File Size : 20,30 MB
Release : 1990
Category : Competition, Imperfect
ISBN :
Author : Jordi Galí
Publisher :
Page : 52 pages
File Size : 43,52 MB
Release : 1995
Category : Business cycles
ISBN :
Author : Wilfred Beckerman
Publisher : Bloomsbury Academic
Page : 240 pages
File Size : 14,58 MB
Release : 1986
Category : Business & Economics
ISBN :
Author : Martin L. Weitzman
Publisher : Harvard University Press
Page : 180 pages
File Size : 11,46 MB
Release : 1984
Category : Business & Economics
ISBN : 9780674805835
Discussion of profit sharing as a means of combating cyclical unemployment and inflation (stagflation) in market economies - argues that profit sharing will produce full employment without inducing inflation; discusses marginal value economic theory of wages and its effect on the labour market; briefly examines advantages of profit sharing, employee Motivation, etc., and the need for accompanying tax reform. Bibliography.
Author : Alan Manning
Publisher : Princeton University Press
Page : 414 pages
File Size : 19,61 MB
Release : 2013-12-03
Category : Business & Economics
ISBN : 1400850673
What happens if an employer cuts wages by one cent? Much of labor economics is built on the assumption that all the workers will quit immediately. Here, Alan Manning mounts a systematic challenge to the standard model of perfect competition. Monopsony in Motion stands apart by analyzing labor markets from the real-world perspective that employers have significant market (or monopsony) power over their workers. Arguing that this power derives from frictions in the labor market that make it time-consuming and costly for workers to change jobs, Manning re-examines much of labor economics based on this alternative and equally plausible assumption. The book addresses the theoretical implications of monopsony and presents a wealth of empirical evidence. Our understanding of the distribution of wages, unemployment, and human capital can all be improved by recognizing that employers have some monopsony power over their workers. Also considered are policy issues including the minimum wage, equal pay legislation, and caps on working hours. In a monopsonistic labor market, concludes Manning, the "free" market can no longer be sustained as an ideal and labor economists need to be more open-minded in their evaluation of labor market policies. Monopsony in Motion will represent for some a new fundamental text in the advanced study of labor economics, and for others, an invaluable alternative perspective that henceforth must be taken into account in any serious consideration of the subject.
Author : Laurence Lasselle
Publisher :
Page : 0 pages
File Size : 13,9 MB
Release : 2003
Category :
ISBN :
This paper is about "involuntary unemployment" in general equilibrium models with imperfect competition. It surveys papers written after the seminal work of d'Aspremont, Dos Santos Ferreira and Gerard-Varet (1984). This unemployment is called involuntary because it exists at any wage. It results from imperfect competition in the product markets, more specifically from firms' excessive market power. These papers have focussed their attention on the conditions required for involuntary unemployment. In our presentation, we characterise this form of unemployment through three elements: Consumers' preferences, price expectations and Ford effects. Each element is important because it influences the demand for the good and hence its price elasticity, the latter being central in the definition of firms' market power.
Author : Frank Hahn
Publisher : MIT Press
Page : 174 pages
File Size : 48,64 MB
Release : 1997
Category : Business & Economics
ISBN : 9780262581547
In the early 1980s, rational expectations and new classical economics dominated macroeconomic theory. This essay evolved from theauthors' profound disagreement with that trend. It demonstrates notonly how the new classical view got macroeconomics wrong, but also howto go about doing macroeconomics the right way.