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Production theory with convex labor friction : foundation of an optimal non-market-clearing economy
http://hdl.handle.net/10252/4072
http://hdl.handle.net/10252/40726bbe9011-8d05-43c5-ae9e-d0ce0b236bf5
名前 / ファイル | ライセンス | アクション |
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Item type | テクニカルレポート / Technical Report(1) | |||||
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公開日 | 2010-04-07 | |||||
タイトル | ||||||
タイトル | Production theory with convex labor friction : foundation of an optimal non-market-clearing economy | |||||
言語 | ||||||
言語 | eng | |||||
キーワード | ||||||
主題Scheme | Other | |||||
主題 | non-steady state analysis | |||||
キーワード | ||||||
主題Scheme | Other | |||||
主題 | convex search friction | |||||
キーワード | ||||||
主題Scheme | Other | |||||
主題 | wage bargaining | |||||
キーワード | ||||||
主題Scheme | Other | |||||
主題 | optimal non-market clearing economy | |||||
資源タイプ | ||||||
資源タイプ識別子 | http://purl.org/coar/resource_type/c_18gh | |||||
資源タイプ | technical report | |||||
著者 |
Yokota, Koji
× Yokota, Koji |
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著者別名 | ||||||
識別子Scheme | WEKO | |||||
識別子 | 7702 | |||||
姓名 | 横田, 宏治 | |||||
書誌情報 |
Discussion paper series 巻 123, p. 1-40, 発行日 2009-12 |
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出版者 | ||||||
出版者 | 小樽商科大学ビジネス創造センター | |||||
テキストバージョン | ||||||
出版タイプ | VoR | |||||
出版タイプResource | http://purl.org/coar/version/c_970fb48d4fbd8a85 | |||||
日本十進分類法 | ||||||
主題Scheme | NDC | |||||
主題 | 331 | |||||
日本十進分類法 | ||||||
主題Scheme | NDC | |||||
主題 | 366 | |||||
NIIサブジェクト | ||||||
主題Scheme | Other | |||||
主題 | 経済学 | |||||
抄録 | ||||||
内容記述タイプ | Abstract | |||||
内容記述 | This paper provides a general framework for the supply side when a firm employing multiple workers faces convex search friction. It also provides analytical scheme for non-steady states. Convex search friction makes the path outside of unbounded steady states possess greater significance than mere transition, since any level of output can be supported as a steady state equilibrium depending on the state of expectation. The marginal profit value of labor is always strictly positive, which results in persistent excess demand in the labor market as well as excess supply in the goods market. However, the fact that convex search friction makes immediate adjustment of employment suboptimal induces further hiring to depend on coordination of expectation. It raises non-market-clearing equilibrium in terms of long-run without price- nor wage-rigidity in competitive markets. |