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A Capital-Labor Compact and Green Production

Author

Listed:
  • Romar Correa

    (University of Mumbai, Mumbai 400098, India)

Abstract

The relation between Capital and Labor is well known to comprise of cooperation and noncooperation. Greater profits mean a lower wage bill. At the same time, increasing output brings expanding employment. We confine ourselves to class conflict or cooperation between Capital and Labor in the context of climate change. Our ‘socio-technical’ setup incorporates green technical change. We provide a macro-growth dynamic game with outcomes on output, employment, accumulation, and the use of a ‘solar technology’ between the classes.

Suggested Citation

  • Romar Correa, 2022. "A Capital-Labor Compact and Green Production," International Game Theory Review (IGTR), World Scientific Publishing Co. Pte. Ltd., vol. 24(04), pages 1-13, December.
    • Handle: RePEc:wsi:igtrxx:v:24:y:2022:i:04:n:s0219198922500098
    DOI: 10.1142/S0219198922500098
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    More about this item

    Keywords

    Cooperation equilibria; green production function;

    JEL classification:

    • C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games
    • E10 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - General
    • O3 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights

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