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Imperfect competition, general equilibrium and unemployment

机译:不完全竞争,总体均衡和失业

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摘要

We analyze whether different learning abilities of firms with respect to general equilibrium effects lead to different levels of unemployment. We consider a general equilibrium model, where firms in one sector compete a la Cournot and a real wage rigidity leads to unemployment. If firms consider only partial equilibrium effects when choosing quantities, the observation of general equilibrium feedback effects will lead to repeated quantity adjustments until a steady state is reached. When labor is mobile across industries, unemployment in the steady state is higher than when all general equilibrium effects are incorporated at once. The opposite result is true if labor is immobile.
机译:我们分析了企业关于一般均衡效应的不同学习能力是否会导致不同程度的失业。我们考虑一个一般的均衡模型,其中一个部门中的公司竞争拉古诺,而实际的工资刚性导致失业。如果企业在选择数量时仅考虑部分均衡效应,则对一般均衡反馈效应的观察将导致重复的数量调整,直到达到稳态为止。当劳动力在各行各业之间流动时,稳态下的失业率要高于同时纳入所有一般均衡效应的情况下的失业率。如果劳动力不流动,则结果相反。

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