Wages and Unemployment: A Study in Non-Walrasian Macroeconomics (by Pierre Picard)


Author(s): Pierre Picard

Publisher: Cambridge University Press
Publish date: 1993-06-25
ISBN-10: 0521350573
ISBN-13: 9780521350570
Language: English
Description: This book provides an overview and assessment of various
theoretical approaches in macroeconomics that focus on wage
rigidities and involuntary unemployment. It offers an analysis of
the microeconomic foundations of rigid wages and considers their
implications for public policy. It reports new findings concerning
the theory of fix-price temporary equilibria, and provides an
analysis of the micro-foundations of inefficiencies in the labor
market such as risk-sharing mechanisms, union behavior and
efficiency wage models.

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