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
✦ LIBER ✦
The dynamics of the strategic capital accumulation
✍ Scribed by C. Figuières; P. Gardères; P. Michel; F. Rychen
- Book ID
- 110380598
- Publisher
- Springer US
- Year
- 1999
- Tongue
- English
- Weight
- 215 KB
- Volume
- 88
- Category
- Article
- ISSN
- 0254-5330
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