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GLOBAL FINANCE, INCOME DISTRIBUTION AND CAPITAL ACCUMULATION

✍ Scribed by Argitis, G.


Book ID
121527775
Publisher
Oxford University Press
Year
2006
Tongue
English
Weight
128 KB
Volume
25
Category
Article
ISSN
0277-5921

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Capital accumulation and income distribu
✍ GermΓ‘n Coloma πŸ“‚ Article πŸ“… 1999 πŸ› Elsevier Science 🌐 English βš– 170 KB

This paper presents a model of an economy with two representative agents (a capitalist and a worker) who play an in"nite-horizon dynamic game about income distribution. We consider three types of equilibria, which correspond to joint price-taking (Walrasian equilibrium) and to wage-setting by either