A Capital-Labor Compact and Green Production

Romar Correa

International Game Theory Review (IGTR), 2022, vol. 24, issue 04, 1-13

Abstract: The relation between Capital and Labor is well known to comprise of cooperation and noncooperation. Greater profits mean a lower wage bill. At the same time, increasing output brings expanding employment. We confine ourselves to class conflict or cooperation between Capital and Labor in the context of climate change. Our ‘socio-technical’ setup incorporates green technical change. We provide a macro-growth dynamic game with outcomes on output, employment, accumulation, and the use of a ‘solar technology’ between the classes.

Keywords: Cooperation equilibria; green production function (search for similar items in EconPapers)
JEL-codes: C72 E10 O3 (search for similar items in EconPapers)
Date: 2022
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DOI: 10.1142/S0219198922500098

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