On Equilibrium in Monopolistic Competition with Endogenous Labor

Alexey Kushnir; Alexander Tarasov; Robertas Zubrickas

doi:10.1016/j.econlet.2021.109774

On Equilibrium in Monopolistic Competition with Endogenous Labor

Alexey Kushnir, Alexander Tarasov, Robertas Zubrickas

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Abstract

We consider a model of monopolistic competition with several heterogeneous sectors and endogenous labor supply. For low (high) values of the labor supply elasticity, we show that there is always a unique equilibrium. For medium values of the labor supply elasticity, there are either zero or two equilibria.

Original language	English
Article number	109774
Journal	Economics Letters
Volume	201
Early online date	9 Feb 2021
DOIs	https://doi.org/10.1016/j.econlet.2021.109774
Publication status	Published - 30 Apr 2021

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Equilibria_with_CES_and_Endogenous_Labor_Final.PDFAccepted author manuscript, 286 KBLicence: CC BY-NC-ND

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title = "On Equilibrium in Monopolistic Competition with Endogenous Labor",

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JO - Economics Letters

JF - Economics Letters

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On Equilibrium in Monopolistic Competition with Endogenous Labor

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