The Degree of Monopoly in the Kaldor-Mirrlees Growth Model

Domenico Mario Nuti ()
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Domenico Mario Nuti: University of Rome

Chapter 3 in Collected Works of Domenico Mario Nuti, Volume II, 2023, pp 57-64 from Palgrave Macmillan

Abstract: Abstract The Kaldor-Mirrlees model of economic growth (Kaldor and Mirrlees 1962) seems to contain an inconsistency between the assumption of imperfect competition and the relation it postulates between the wage rate and the marginal productivity of labour.

Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:pal:stuchp:978-3-031-23167-4_3

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DOI: 10.1007/978-3-031-23167-4_3

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