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