Strategic household behavior in labor surplus economies
We show that when households employ the Cournot-Nash strategy in labor surplus economies, the wage rate is strictly positive, households are underemployed, household members may be openly unemployed, the labor supply curve is upward-sloping and household withdrawal but not worker withdrawal decrease...
| Published in: | Philippine Review of Economics and Business (formerly The Philippine Review of Business and Economics) Vol. XXVIII, no. 2 (Dec. 1991), 119-126 |
|---|---|
| Main Author: | |
| Resource Type: | Article |
| Language: | English |
| Published: |
1991
|
| Subjects: |