Involuntary Unemployment and Imperfect Competition: A Game-theoretic Macromodel

John Roberts

Chapter 2 in The Economics of Imperfect Competition and Employment, 1989, pp 146-165 from Palgrave Macmillan

Abstract: Abstract The purpose of this chapter is to suggest that the methodology of non-cooperative game theory, which is so prominent in partial equilibrium analyses of imperfectly competitive markets, can fruitfully be adopted to study traditional macroeconomic issues that have usually been approached via non-strategic general equilibrium models or treated solely as disequilibrium phenomena.

Keywords: Labor Supply; Full Employment; Imperfect Competition; Coordination Failure; Effective Demand (search for similar items in EconPapers)
Date: 1989
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-08630-6_2

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DOI: 10.1007/978-1-349-08630-6_2

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