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...
| Publicado en: | Philippine Review of Economics and Business (formerly The Philippine Review of Business and Economics) Vol. XXVIII, no. 2 (Dec. 1991), 119-126 |
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| Autor principal: | |
| Resource Type: | Artículo |
| Lenguaje: | English |
| Publicado: |
1991
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