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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 product markets. The size of income feedback effects negatively depends on the number of product markets. We strengthen a previous...
Persistent link: https://www.econbiz.de/10014139561
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 product markets. The size of income feedback effects negatively depends on the number of product markets. We strengthen a previous...
Persistent link: https://www.econbiz.de/10005564488