Digitala Vetenskapliga Arkivet

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  • 451.
    Weibull, Jörgen W.
    Stockholm University, Faculty of Social Sciences, Institute for International Economic Studies.
    Persistent Unemployment as Subgame Perfect Equilibrium1987Report (Other academic)
    Abstract [en]

    The present paper develops some game-theoretic models of a labour market with l firm and n equally productive workers. Although all agents are rational and well-informed, and each of them acts strategically in his own best interest (including the monopsonist firm), unemployment may persist in (subgame perfect) equilibrium for certain combinations of preferences and technology, if employment contracts are sufficiently short. This unemployment is involuntary in the traditional sense that in every period there are unemployed workers whose utility would be higher if employed at the going wage. The result is valid both when wages are set by the workers, and when they are set by the firm.

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  • 452.
    Wijkman, Per
    Stockholm University, Faculty of Social Sciences, Institute for International Economic Studies.
    Capital Movements and Economic Development: The Determinants of Capital Imports into Australia, Canada, and Sweden 1860-19141971Report (Other academic)
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  • 453.
    Üstünel, Besim
    Stockholm University, Faculty of Social Sciences, Institute for International Economic Studies.
    A Note on the Choice of a Growth Model: For the case Study of Sweden, Japan and Turkey1972Report (Other academic)
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  • 454.
    Üstünel, Besim
    Stockholm University, Faculty of Social Sciences, Institute for International Economic Studies.
    Economic Growth in Sweden, Japan and Turkey: A Comparison of Success and Failure1972Report (Other academic)
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  • 455.
    Üstünel, Besim
    Stockholm University, Faculty of Social Sciences, Institute for International Economic Studies.
    Growth, Trade and Technology: From "Trade-Generated-Growth" to "Growth-Generated-Trade" and the Cases of Sweden, Japan, Turkey1972Report (Other academic)
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