Contraintes de débouchés, capacités de production et chômage dans un modèle macroéconomique avec concurrence imparfaite
AbstractThe purpose of this paper is to show how to combine in a unified setup recent developments on wage and price formation together with the key features of models with quantity constraints. This is done in a traditional three-goods (goods, labor and money) two-markets (goods and labor) setup, plus energy for the analysis of the consequences of an oil shock. Prices are set by monopolistically competitive firms ; the wage rate is set by the union. We examine successively the properties of the short-run (fixed productive capacity ; fixed prices and wages), the medium-run (fixed productive capacity ; endogenous prices and wages), and the long-run (endogenous productive capacity, wages and prices) equilibria, especially the equilibrium values of the unemployment and capacity utilization rates, and of the proportion of sales-constrained firms. It is shown in particular that a large proportion of sales-constrained firms is not necessarily an indication that demand should be reflated.
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Bibliographic InfoPaper provided by Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES) in its series Discussion Papers (IRES - Institut de Recherches Economiques et Sociales) with number 1991011.
Date of creation: 01 Jul 1991
Date of revision:
chômage; production; concurrence;
Other versions of this item:
- Sneessens, Henri R., 1992. "Contraintes de débouchés, capacités de production et chômage dans un modèle macroéconomique avec concurrence imparfaite," L'Actualité Economique, Société Canadienne de Science Economique, vol. 68(1), pages 140-174, mars et j.
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