Add to ORKGUsing two types of overlapping generations (OLG) model, we show that involuntary unemployment is in a Nash equilibrium of a game with a firm and consumers, and we can achieve full-employment by fiscal policy financed by seignorage not tax. Once we achieve it, it is maintained without government expenditure. Also we show that a fall in the nominal wage rate may not decrease involuntary unemployment
We investigate the existence conditions of involuntary unemployment in an overlapping generations mo...
This paper analyzes a model that highlights imperfect monitoring and the threat of dismissal as micr...
This paper presents a general-equilibrium model in which all prices and quantities transacted are th...
We show the existence of involuntary unemployment based on consumers' utility maximization and firms...
Using two types of overlapping generations (OLG) model, we show that involuntary unemployment is in ...
We show the existence of involuntary unemployment based on consumers' utility maximization and firms...
We show the existence of involuntary unemployment based on consumers’ utility maximization and firms...
We show the existence of involuntary unemployment based on consumers' utility maximization and firms...
We show that equilibrium involuntary unemployment emerges in a multi-stage game model where all mark...
We analyze involuntary unemployment based on consumers’ utility maximization and firms’ profit maxim...
This paper considers a game-theoretic, non-Walrasian, general equilibrium model of price determinati...
Thus far involuntary unemployment does not occur in Diamond-type Overlapping Generations models. In ...
The present paper develops some game-theoretic models of a labour market with l firm and n equally p...
The U.S. economy had experienced the "jobless recovering" after the 1990-1991 and 2001 recessions, w...
We show the existence of involuntary unemployment without assuming wage rigidity. We derive involunt...
We investigate the existence conditions of involuntary unemployment in an overlapping generations mo...
This paper analyzes a model that highlights imperfect monitoring and the threat of dismissal as micr...
This paper presents a general-equilibrium model in which all prices and quantities transacted are th...
We show the existence of involuntary unemployment based on consumers' utility maximization and firms...
Using two types of overlapping generations (OLG) model, we show that involuntary unemployment is in ...
We show the existence of involuntary unemployment based on consumers' utility maximization and firms...
We show the existence of involuntary unemployment based on consumers’ utility maximization and firms...
We show the existence of involuntary unemployment based on consumers' utility maximization and firms...
We show that equilibrium involuntary unemployment emerges in a multi-stage game model where all mark...
We analyze involuntary unemployment based on consumers’ utility maximization and firms’ profit maxim...
This paper considers a game-theoretic, non-Walrasian, general equilibrium model of price determinati...
Thus far involuntary unemployment does not occur in Diamond-type Overlapping Generations models. In ...
The present paper develops some game-theoretic models of a labour market with l firm and n equally p...
The U.S. economy had experienced the "jobless recovering" after the 1990-1991 and 2001 recessions, w...
We show the existence of involuntary unemployment without assuming wage rigidity. We derive involunt...
We investigate the existence conditions of involuntary unemployment in an overlapping generations mo...
This paper analyzes a model that highlights imperfect monitoring and the threat of dismissal as micr...
This paper presents a general-equilibrium model in which all prices and quantities transacted are th...