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diese Struktur, die nach der herrschenden Kapital- und Gleichgewichtstheorie nicht nur möglich, sondern als Normalfall … der Grenzleistungsfähigkeit der Investition an den Realzins gleichbedeutend mit der Elimination dieser Quasirenten ist …
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We incorporate a wage bargaining structure in a dynamic general equilibrium model and show how this feature changes short and long-run properties of equilibria compared with a perfectly competitive setting. We discuss how employment, capital, and income shares respond to wage setting shocks and...
Persistent link: https://www.econbiz.de/10001553229
We incorporate a wage bargaining structure in a dynamic general equilibrium model and show how this feature changes short and long-run properties of equilibria compared with a perfectly competitive setting. We discuss how employment, capital, and income shares respond to wage setting shocks and...
Persistent link: https://www.econbiz.de/10011419073
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in endogenous growth theory, but modified to allow for demand-side constraints. This is a novel approach, given that …
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