Thursday, April 28, 2022

Characteristics of Labor Markets Varying with Pertubations of Relative Markups

My article with the post title is now available at the Review of Political Economy. The abstract follows:

Abstract: This article examines a model of long-period positions with markup pricing. The variation in certain characteristics of the wage frontier with perturbations of relative markups is illustrated. This analysis provides a demonstration of the emergence of the reswitching of techniques and of capital reversing, for example, in non-competitive markets.

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