Models of Two-Sided Monopolistic Competition on the Labor Market

Dynamic macromodels of an economic system with two-sided monopoly competition on the labor market are considered. Conditions for post-classical economic cycles to appear in such models and for the convergence of wage formation processes to Nash equilibrium are analyzed. The influence of technologica...

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Veröffentlicht in:Cybernetics and systems analysis 2005-03, Vol.41 (2), p.175-182
Hauptverfasser: Belan, E P, Mikhalevich, M V, Sergienko, I V
Format: Artikel
Sprache:eng
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Zusammenfassung:Dynamic macromodels of an economic system with two-sided monopoly competition on the labor market are considered. Conditions for post-classical economic cycles to appear in such models and for the convergence of wage formation processes to Nash equilibrium are analyzed. The influence of technological innovations on the processes under study is analyzed. [PUBLICATION ABSTRACT]
ISSN:1060-0396
1573-8337
DOI:10.1007/s10559-005-0051-6