A Stochastic Monopsony Theory of the Business Cycle.
Two distinct regimes, contractions and expansions, are generated in a model in which goods markets clear and all individuals are optimizing, strict wage and price takers, have fully rational expectations, and are heterogeneous in both preferences and resource endowments. Involuntary unemployment, as...
| Publicado en: | Economic Inquiry Vol. 43; no. 1; pp. 206 - 220 |
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| Autores principales: | , |
| Formato: | Artículo |
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Wiley-Blackwell
January 2005
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| Acceso en línea: | Ver este registro en EBSCOhost |