Kinky perceived demand curves and Keynes-Negishi equilibria
Jacques Dreze and
P. Jean-Jacques Herings ()
No 2007037, Discussion Papers (ECON - Département des Sciences Economiques) from Université catholique de Louvain, Département des Sciences Economiques
The label “Keynes-Negishi equiibria” is attached here to equilibria in a monetary economy with imperfectly competitive product and labor markets where business firms and labor unions hold demand perceptions with kinks - as posited in Negishi’s 1979 book Microeconomic Foundations of Keynesian Macroeconomics. Such equilibria are defined in a general equilibrium model, and shown to exist. Methodological implications are briefly discussed in a concluding section.
Keywords: Equilibrium; imperfect competition; perceived demands; kinky demand; princing rules; union wage model; union objectives; cash-in-advance (search for similar items in EconPapers)
JEL-codes: D50 E12 J51 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-mac
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed
Downloads: (external link)
Working Paper: Kinky perceived demand curves and Keynes-Negishi equilibria (2009)
Journal Article: Kinky perceived demand curves and Keynes-Negishi equilibria (2008)
Working Paper: Kinky perceived demand curves and Keynes-Negishi equilibria (2007)
Working Paper: Kinky Perceived Demand Curves and Keynes-Negishi Equilibria (2007)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:ctl:louvec:2007037
Access Statistics for this paper
More papers in Discussion Papers (ECON - Département des Sciences Economiques) from Université catholique de Louvain, Département des Sciences Economiques Place Montesquieu 3, 1348 Louvain-la-Neuve (Belgium). Contact information at EDIRC.
Bibliographic data for series maintained by Virginie LEBLANC ().