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: | The Philippine Review of Business and Economics Vol. XXVIII, No. 2 (December 1991), p. 119-126. |
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| Main Author: | |
| Format: | Analytics |
| Language: | English |
| Published: |
1991.
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| Subjects: |