Showing 1 - 2 of 2
Persistent link: https://www.econbiz.de/10002944256
Disequilibrium analysis typically assumes that exchange takes place at false prices. Many ways have been devised to integrate markets in disequilibrium. One of these is the assumption that supply of and demand for labour are determined by the real wage. This paper questions this assumption and...
Persistent link: https://www.econbiz.de/10005252176