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Equilibrium, trade, and growth : selected papers of Lionel W. McKenzie

McKenzie, Lionel W. - 2009

Persistent link: https://www.econbiz.de/10003728729

Consequences of labour heterogeneity : a general equilibrium analysis

Kreiner, Claus Thustrup; Sløk, Torsten - In: Essays in policy-oriented macroeconomics, (pp. 1-33). 1998

Persistent link: https://www.econbiz.de/10001448609

On equilibrium unemployment

Theeuwes, Jules J. M. - 1990

Persistent link: https://www.econbiz.de/10000809891

Keynesian unemployment as non-Walrasian equilibria

Sondermann, Dieter - 1983 - Rev. ed

Persistent link: https://www.econbiz.de/10000165493

Equilibrium unemployment

Gomes Neto, João Batista F.; Greenwood, Jeremy; … - 2001

Persistent link: https://www.econbiz.de/10001674691

Keynesian unemployment as non-Walrasian equilibria

Sondermann, Dieter - 1981

Persistent link: https://www.econbiz.de/10002821865

Equilibrium Unemployment

Gomes, João; Greenwood, Jeremy; Rebelo, Sérgio - 2021

A search-theoretic general equilibrium model of frictional unemployment is shown to be consistent with some of the key regularities of unemployment over the business cycle. In the model the return to a job moves stochastically. Agents can choose either to quit and search for a better job, or...

Persistent link: https://www.econbiz.de/10013243374

Inefficient Equilibrium Unemployment in a Duocentric Economy with Matching Frictions

Lehmann, Etienne - 2013

This article examines unemployment disparities and efficiency in a densely populated economy with two job centers and workers distributed between them. We introduce commuting costs and search-matching frictions to deal with the spatial mismatch between workers and firms. In equilibrium, there...

Persistent link: https://www.econbiz.de/10013071292

Fluctuation in Equilibrium Unemployment

Hall, Robert E. - 2021

Fluctuations in the equilibrium rate of unemployment can only be understood within a theory of the natural or … in exchange for immediate employment. The task of the theory is to explain why any unemployment remains at all when these … conditions are satisfied. Part of this problem has been studied in detail in the "search theory" of unemployment -- once a worker …

Persistent link: https://www.econbiz.de/10013247212

Equilibrium Underemployment

Jackson, Paul - 2021

This paper develops a model of human capital investment in a frictional labor market with two-sided heterogeneity and liquidity constraints. The model generates underemployment in equilibrium: workers are employed in jobs for which they are over-qualified. Subsidizing education can decrease the...

Persistent link: https://www.econbiz.de/10013213966