On Equilibrium in Monopolistic Competition with Endogenous Labor

We consider a model of monopolistic competition with several heterogeneous sectors and endogenous labor supply. For low (high) values of the labor supply elasticity, we show that there is always a unique equilibrium. For medium values of the labor supply elasticity, the set of equilibria (if non-empty) can comprise of several equilibria, with the number of equilibria bounded by the number of sectors

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Year of publication:	2020
Authors:	Kushnir, Alexey
Other Persons:	Tarasov, Alexander (contributor) ; Zubrickas, Robertas (contributor)
Publisher:	[2020]: [S.l.] : SSRN
Subject:	Theorie \| Theory \| Monopolistischer Wettbewerb \| Monopolistic competition \| Gleichgewichtsmodell \| Equilibrium model

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