Kinky perceived demand curves and Keynes-Negishi equilibria

The label “Keynes-Negishi equiibria” is attached here to equilibria in a monetary economy with imperfectly competitive product and labor markets where business firms and labor unions hold demand perceptions with kinks - as posited in Negishi’s 1979 book Microeconomic Foundations of Keynesian Macroeconomics. Such equilibria are defined in a general equilibrium model, and shown to exist. Methodological implications are briefly discussed in a concluding section.

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Year of publication:	2007-12-01
Authors:	Jacques H., DREZE ; Jean-Jacques, HERINGS
Institutions:	Institut de Recherche Économique et Sociale (IRES), École des Sciences Économiques de Louvain
Subject:	Equilibrium \| imperfect competition \| perceived demands \| kinky demand \| princing rules \| union wage model \| union objectives \| cash-in-advance

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Extent:	application/pdf
Series:	Discussion Papers (ECON - Département des Sciences Economiques).
Type of publication:	Book / Working Paper
Language:	English
Notes:	The text is part of a series UNIVERSITE CATHOLIQUE DE LOUVAIN, Institut de Sciences Economiques Number 2007037 5 pages long
Classification:	D50 - General Equilibrium and Disequilibrium. General ; E12 - Keynes; Keynesian; Post-Keynesian ; J51 - Trade Unions: Objectives Structure, and Effects
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10004984905