Monopolistic competition and different wage setting systems - Resultats de la cerca

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33 p, 644.6 KB

Monopolistic competition and different wage setting systems / Sorolla, Valeri (Universitat Autònoma de Barcelona. Departament d'Economia i d'Història Econòmica) ; García, José Ramón (Universitat de València)
In this paper, we present a disequilibrium unemployment model without labor market frictions and monopolistic competition in the goods market within an infinite horizon model of growth. We consider different wage setting systems and compare wages, the unemployment rate, and income per capita in the long-run at firm, sector, and national (centralized) levels. [...]
2014 - DOI (Digital Object Identifier)

10.1111/sjpe.12034
Scottish journal of political economy, Vol. 61 Núm. 1 (February 2014) , p. 48-77

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Documents de recerca	1 registres trobats

30 p, 253.9 KB

Monopolistic competition and different wage setting systems / García, José Ramón ; Sorolla, Valeri ; Universitat Autònoma de Barcelona. Unitat de Fonaments de l'Anàlisi Econòmica ; Institut d'Anàlisi Econòmica
In this paper we match the static disequilibrium unemployment model without frictions in the labor market and monopolistic competition with an infinite horizon model of growth. We compare the wages set at the firm, sector and national (centralized) levels, their unemployment rates and growth of the economic variables, for the Cobb-Douglas production function, in order to see under wich conditions the inverse U hypothesis between unemployment and centralization of wage bargain is confirmed. [...]
2010 (Working papers ; 839.10)

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