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Multiple Steady State Equilibria of Job Composition
In this paper we construct an example of multiplicity to further illustrate the general equilibrium forces at work. We assume that good and bad jobs produce inputs that are perfect substitutes, only that there is a quality difference. This will accentuate the tendency toward multiplicity and enable to explicitly construct two equilibria.
Multiple Steady State Equilibria of Job Composition
In this paper we construct an example of multiplicity to further illustrate the general equilibrium forces at work. We assume that good and bad jobs produce inputs that are perfect substitutes, only that there is a quality difference. This will accentuate the tendency toward multiplicity and enable to explicitly construct two equilibria.
Multiple Steady State Equilibria of Job Composition
Anton Abdulbasah Kamil (author) / MOHD NAIN HJ. AWANG (author)
2010
Article (Journal)
Electronic Resource
Unknown
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