An equilibrium theory of unemployment assumes that firms and workers maximize their payoffs under rational expectations and that wages are determined to exploit the private gains from trade. This book focuses on the modeling of the transitions in and out of unemployment, given the stochastic process
Equilibrium unemployment theory
โ Scribed by Pissarides, Christopher A
- Publisher
- The MIT Press
- Year
- 2017
- Tongue
- English
- Leaves
- 273
- Edition
- 2nd edition
- Category
- Library
No coin nor oath required. For personal study only.
โฆ Subjects
Equilibrium (Economics);Unemployment--Mathematical models;Unemployment -- Mathematical models
๐ SIMILAR VOLUMES
Annotation An equilibrium theory of unemployment assumes that firms and workers maximize their payoffs under rational expectations and that wages are determined to exploit the private gains from trade. This book focuses on the modeling of the transitions in and out of unemployment, given the stoch
An equilibrium theory of unemployment assumes that firms and workers maximize their payoffs under rational expectations and that wages are determined to exploit the private gains from trade. This book focuses on the modeling of the transitions in and o