DIVISION OF LABOR UNDER PERFECT COMPETITION

Puqing Lai and Till Requate ()
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Puqing Lai: School of Economics, Zhejiang University, HangZhou 310058, P. R. China
Till Requate: ��Department of Economics, Kiel University, Kiel 24098, Germany

The Singapore Economic Review (SER), 2023, vol. 68, issue 06, 1943-1951

Abstract: This paper develops a simple model of division of labor under perfect competition. The model shows under that the division of labor is compatible with perfectly competitive markets if coordination costs are increasing with the number of teams. We also show under what conditions interior solutions for the division of labor exist under imperfect competition.

Keywords: Division of labor; increasing returns; market size; perfect competition (search for similar items in EconPapers)
JEL-codes: D00 D20 D40 (search for similar items in EconPapers)
Date: 2023
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DOI: 10.1142/S0217590820500265

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