English, Article, Journal or magazine article edition: Kinky perceived demand curves and Keynes-Negishi equilibria Jacques H., DREZE; Jean-Jacques, HERINGS

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Bookmark: http://trove.nla.gov.au/version/177746
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • Kinky perceived demand curves and Keynes-Negishi equilibria
Author
  • Jacques H., DREZE
  • Jean-Jacques, HERINGS
Physical Description
  • preprint
Notes
  • The label ÒKeynes-Negishi equiibriaÓ is attached here to equilibria in a monetary economy with imperfectly competitive product and labor markets where business firms and labor unions hold demand perceptions with kinks - as posited in NegishiÕs 1979 book Microeconomic Foundations of Keynesian Macroeconomics. Such equilibria are defined in a general equilibrium model, and shown to exist. Methodological implications are briefly discussed in a concluding section.
  • Equilibrium, imperfect competition, perceived demands, kinky demand, princing rules, union wage model, union objectives, cash-in-advance
  • RePEc:ctl:louvec:2007037
Language
  • English
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