On equilibrium in monopolistic competition with endogenous labor
Alexander Tarasov and
Economics Letters, 2021, vol. 201, issue C
We consider a model of monopolistic competition with several heterogeneous sectors and endogenous labor supply. For low (high) values of the labor supply elasticity, we show that there is always a unique equilibrium. For medium values of the labor supply elasticity, there are either zero or two equilibria.
Keywords: Labor elasticity; Multiple sectors; Multiple equilibria (search for similar items in EconPapers)
JEL-codes: D43 L13 (search for similar items in EconPapers)
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Working Paper: On Equilibrium in Monopolistic Competition with Endogenous Labor (2020)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:201:y:2021:i:c:s0165176521000513
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