Imperfect competition, technical progress and capital accumulation

Biancamaria D'Onofrio and Bertrand Wigniolle

International Journal of Economic Theory, 2010, vol. 6, issue 4, 355-366

Abstract: This paper constructs a dynamic equilibrium growth model, in which some firms act as monopsonies on the labor market. The framework is an overlapping generations growth model with altruistic agents. Two types of firms exist, competitive and non‐competitive, the latter being endowed with a more productive technology. They behave strategically on the labor market, in taking into account the impact of their demand for labor on the equilibrium wage and on their profit. In this framework, the impact of technical progress on capital accumulation can be positive or negative, depending on its effect on monopsony power.

Date: 2010
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://doi.org/10.1111/j.1742-7363.2010.00140.x

Related works:
Working Paper: Imperfect competition, technical progress and capital accumulation (2010)
Working Paper: Imperfect competition, technical progress and capital accumulation (2010)
Working Paper: Imperfect competition, technical progress and capital accumulation (2010)
Working Paper: Imperfect competition, technical progress and capital accumulation (2006)
Working Paper: Imperfect competition, technical progress and capital accumulation (2006)
Working Paper: Imperfect competition, technical progress and capital accumulation (2006)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:bla:ijethy:v:6:y:2010:i:4:p:355-366

Ordering information: This journal article can be ordered from
http://www.blackwell ... bs.asp?ref=1742-7355

Access Statistics for this article

International Journal of Economic Theory is currently edited by Kazuo Nishimura and Makoto Yano

More articles in International Journal of Economic Theory from The International Society for Economic Theory
Bibliographic data for series maintained by Wiley Content Delivery ().