An insider-outsider model with non-trivially heterogeneous labour force

Fabio Fiorillo, Stefano Santacroce and Stefano Staffolani

Chapter 11 in Beyond the Representative Agent, 1999, pp 307-322 from Edward Elgar Publishing

Abstract: This challenging book extends standard economic theory to take into account the presence of heterogeneity among economic agents. It argues for an approach to economic analysis which regards the economy as an interactive system with heterogeneous agents and not simply a system which treats aggregates as some ‘representative’ individual.

Keywords: Economics and Finance (search for similar items in EconPapers)
Date: 1999
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