EFFECTIVE DEMAND AND UNEMPLOYMENT

Torben M. Andersen

No 268246, Economic Research Papers from University of Warwick - Department of Economics

Abstract: The coordination of Froduction and consumption decisions is analysed in a static model where the interdependence between production, income and demand is explicitly modelled. With imperfect competition and non-convex production technologies it is shown that there exists a zero pure profit equilibrium with a positive level of employment and possible involuntary employment. Finally, it is shown how to arrange a form of external intervention so as to ensure full employment.

Keywords: Demand and Price Analysis; Labor and Human Capital (search for similar items in EconPapers)
Pages: 19
Date: 1987-09-09
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Persistent link: https://EconPapers.repec.org/RePEc:ags:uwarer:268246

DOI: 10.22004/ag.econ.268246

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