Characteristics of Labor Markets Varying with Perturbations of Relative Markups

Robert L. Vienneau

Review of Political Economy, 2024, vol. 36, issue 2, 827-843

Abstract: This article examines a model of long-period positions with markup pricing. The variation in certain characteristics of the wage frontier with perturbations of relative markups is illustrated. This analysis provides a demonstration of the emergence of the reswitching of techniques and of capital reversing, for example, in non-competitive markets.

Date: 2024
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DOI: 10.1080/09538259.2022.2063516

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