A Competitive Efficiency Wage Model with Keynesian Features

DOI10.2307/1886067zbMath0663.90010OpenAlexW2145619787MaRDI QIDQ3815093

Dilip Mookherjee, Charles M. Kahn

Publication date: 1988

Published in: The Quarterly Journal of Economics (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.2307/1886067

zbMATH Keywords

imperfect informationunderemploymentflexible pricesgeneral equilibrium efficiency wage modelOptimal demand-switching policies

Mathematics Subject Classification ID

Production theory, theory of the firm (91B38) General equilibrium theory (91B50)

Related Items (4)

Involuntary unemployment and worker self-selection ⋮ Moral hazard, monitoring costs, and optimal government intervention ⋮ A classical model of involuntary unemployment: Efficiency wages and maroeconomic policy ⋮ Competitive equilibria with asymmetric information

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