Modeling of Imperfect Competition on the Labor Market

Ivan V. Sergienko, Mikhail Mikhalevich and Ludmilla Koshlai
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Ivan V. Sergienko: National Academy of Sciences of Ukraine
Mikhail Mikhalevich: National Academy of Sciences of Ukraine
Ludmilla Koshlai: National Academy of Sciences of Ukraine

Chapter Chapter 3 in Optimization Models in a Transition Economy, 2014, pp 161-260 from Springer

Abstract: Abstract The social situation of last decades in post-communist countries (especially in countries of the former Soviet Union) has been certainly an extremely difficult one. Various grave problems existed: rising inequalities in income both at downward and upward stages of the business cycle show up in islands of prosperity in the sea of distress and poverty, as well as in capital flights and growing indebtedness. All of these factors lead to the criminalization of society. Extremely low wages are the main reason of such a situation. Theoretical analysis of labor market is necessary to understand essential issues of this situation.

Keywords: Monopsonistic Labor Market; Labor Remuneration; Wage Fund; Monopolist Employer; Phase Point (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:spr:spochp:978-1-4899-7544-7_3

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DOI: 10.1007/978-1-4899-7544-7_3

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