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Kinky Perceived Demand Curves and Keynes-Negishi Equilibria

Drèze Jacques H. and P. Jean-Jacques Herings ()
Authors registered in the RePEc Author Service: Jacques H. Dreze

No 35, Research Memorandum from Maastricht University, Maastricht Research School of Economics of Technology and Organization (METEOR)

Abstract: The label “Keynes-Negishi equilibria†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: monetary economics (search for similar items in EconPapers)
Date: 2007
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Related works:
Working Paper: Kinky perceived demand curves and Keynes-Negishi equilibria (2009) Downloads
Journal Article: Kinky perceived demand curves and Keynes–Negishi equilibria (2008) Downloads
Working Paper: Kinky perceived demand curves and Keynes-Negishi equilibria (2007) Downloads
Working Paper: Kinky perceived demand curves and Keynes-Negishi equilibria (2007) Downloads
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