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: | The Philippine Review of Business and Economics Vol. XXVIII, No. 2 (December 1991), p. 119-126. |
|---|---|
| Autor principal: | |
| Formato: | Analytics |
| Lenguaje: | English |
| Publicado: |
1991.
|
| Materias: |