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

Research output: Contribution to journal › Article › peer-review

1 Citation (SciVal)

106 Downloads (Pure)

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

Funding

We are grateful to Philip Ushchev for valuable comments and suggestions. We also thank the two anonymous referees for the suggestions that substantially improved the paper. This work is supported by the Russian Science Foundation under grant Project 18-18-00253 .

Access to Document

10.1016/j.econlet.2021.109774

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

Cite this

@article{11ce08abc6b1493dbd11347f97fd8ef0,

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

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.",

author = "Alexey Kushnir and Alexander Tarasov and Robertas Zubrickas",

year = "2021",

month = apr,

day = "30",

doi = "10.1016/j.econlet.2021.109774",

language = "English",

volume = "201",

journal = "Economics Letters",

issn = "0165-1765",

publisher = "Elsevier B.V.",

}

TY - JOUR

T1 - On Equilibrium in Monopolistic Competition with Endogenous Labor

AU - Kushnir, Alexey

AU - Tarasov, Alexander

AU - Zubrickas, Robertas

PY - 2021/4/30

Y1 - 2021/4/30

N2 - 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.

AB - 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.

U2 - 10.1016/j.econlet.2021.109774

DO - 10.1016/j.econlet.2021.109774

M3 - Article

SN - 0165-1765

VL - 201

JO - Economics Letters

JF - Economics Letters

M1 - 109774

ER -

On Equilibrium in Monopolistic Competition with Endogenous Labor

Abstract

Funding

Access to Document

Fingerprint

Cite this