Berninghaus, Siegfried; Güth, Werner; Ramser, Hans Jürgen - Sonderforschungsbereich 373, Quantifikation und … - 1999
Most models of labor markets and (un)employment neglect how competition among firms or sectors of the economy affects their hiring of workers and working times. Our approach pays special attention to such effects by proposing a complex stage game where firms invest in capital equipment before...
