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Quantity and elasticity spillovers onto the labor market : theory and evidence on sluggishness
Drazen, Allan; Hamermesh, Daniel S.; Obst, Norman P. - 1981
Persistent link: https://www.econbiz.de/10009567191
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The variable employment elasticity hypothesis : theory and evidence
Drazen, Allan; Hamermesh, Daniel; Obst, Norman P. - 1982
Persistent link: https://www.econbiz.de/10003268214
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Quantity and Elasticity Spillovers onto the Labor Market : Theory and Evidence on Sluggishness
Drazen, Allan - 1981
Firms' beliefs that they may be unable to sell as much as they would like at the market price leads not only to a quantity spillover (even when prices are flexible) but also to a spillover of product demand elasticity onto the elasticity of labor demand. Hence, optimal firm behavior can be...
Persistent link: https://www.econbiz.de/10012478445
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Quantity and Elasticity Spillovers onto the Labor Market: Theory and Evidence on Sluggishness
Drazen, Allan; Hamermesh, Daniel; Obst, Norman P. - National Bureau of Economic Research (NBER) - 1981
Firms' beliefs that they may be unable to sell as much as they would like at the market price leads not only to a quantity spillover (even when prices are flexible) but also to a spillover of product demand elasticity onto the elasticity of labor demand. Hence, optimal firm behavior can be...
Persistent link: https://www.econbiz.de/10005830461