Strategic household behavior in labor surplus economies

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...

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Bibliographic Details
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: Fabella, Raul V.
Resource Type: Article
Language:English
Published: 1991
Subjects:
Households > Economic aspects
Wages
Labor market
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245 1 0 |a Strategic household behavior in labor surplus economies 
264 # 1 |c 1991 
520 # # |a 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 decreases output. 
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650 2 0 |a Labor market 
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