The impossibility of underemployment with more than one product market

Laurence Lasselle; Serge Svizzero

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The impossibility of underemployment with more than one product market

机译：一个以上产品市场的就业不足的可能性

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We investigate the link between 'underemployment at all wages' and income feedback effects due to firms' activities in an economy with imperfect competition in the prod- uct markets. The size of income feedback effects negatively depends on the number of product markets. We strengthen a previous result demonstrated in an overlapping generations model with inelastic price expectations: underemployment at all wages may only exist when the economy contains a single product market, i.e. when firms integrate all feedback effects in their programs.

机译：我们研究了“不充分工资的不充分就业”与由于企业在产品市场竞争不完善的经济中的活动所引起的收入反馈效应之间的联系。收入反馈效应的大小取决于产品市场的数量。我们加强了在具有无弹性价格预期的重叠世代模型中证明的先前结果：只有当经济包含单一产品市场时，即当企业将所有反馈效应整合到其计划中时，所有工资的就业不足才可能存在。

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来源
《Oxford Economic Papers》 |2001年第1期|p.157-165|共9页
作者
Laurence Lasselle; Serge Svizzero;
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收录信息美国《科学引文索引》(SCI);
原文格式 PDF
正文语种 eng
中图分类经济;
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The impossibility of underemployment with more than one product market

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