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 |
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Article number | 109774 |
Journal | Economics Letters |
Volume | 201 |
Early online date | 9 Feb 2021 |
DOIs | |
Publication status | Published - 30 Apr 2021 |