On Equilibrium in Monopolistic Competition with Endogenous Labor

Alexey Kushnir, Alexander Tarasov, Robertas Zubrickas

Research output: Contribution to journalArticlepeer-review

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 languageEnglish
Article number109774
JournalEconomics Letters
Volume201
Early online date9 Feb 2021
DOIs
Publication statusPublished - 30 Apr 2021

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