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Escalator clauses and the allocation of cyclical risks

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Publication:1259969
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DOI10.1016/0022-0531(78)90045-5zbMath0412.90020OpenAlexW2004308112MaRDI QIDQ1259969

Costas Azariadis

Publication date: 1978

Published in: Journal of Economic Theory (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/0022-0531(78)90045-5


zbMATH Keywords

business cyclecompetitive consumption-loansescalator clausesthree goodsunanticipated inflationwage contracts


Mathematics Subject Classification ID

Mathematical economics (91B99)


Related Items (4)

On the cyclical allocation of risk ⋮ Labor contracts and the role of monetary policy in an overlapping generations model ⋮ On the magnitude of relative risk aversion ⋮ Labour contracts in a stock market economy




Cites Work

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  • On the Incidence of Unemployment
  • Incentives and Risk Sharing in Sharecropping
  • Equilibrium in a Reinsurance Market




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