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  • 标题:Kinky perceived demand curves and Keynes-Negishi equilibria
  • 本地全文:下载
  • 作者:Jacque H. DREZE ; P. Jean-Jacques HERINGS
  • 期刊名称:CORE Discussion Papers / Center for Operations Research and Econometrics (UCL), Louvain
  • 出版年度:2007
  • 卷号:1
  • 出版社:Center for Operations Research and Econometrics (UCL), Louvain
  • 摘要:The label "Keynes-Negishi equilibria" 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 Negishi's 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.
  • 关键词:equilibrium, imperfect competition, perceived demands, kinky demand, pricing rules, union wage model, union objectives, cash-in-advance.
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