The Wage-Maximisation Property - Archive ouverte HAL
Pré-Publication, Document De Travail Année : 2020

The Wage-Maximisation Property

Christian Bidard
  • Fonction : Auteur
  • PersonId : 1019954

Résumé

For linear single-product models, the competitive long-run technique is wage maximising at a given rate of profit. The property is extended to multiple-product systems that satisfy an additional hypothesis called robustness. In particular, the nonsubstitution property implies that all prices are minimum in terms of wage. The result applies to several types of models, including production with fixed capital. On the robustness hypothesis, the wage-maximisation property can be seen as the counterpart in value terms of the golden rule.
Fichier principal
Vignette du fichier
WP_EcoX_2020-17.pdf (320.95 Ko) Télécharger le fichier
Origine Fichiers produits par l'(les) auteur(s)

Dates et versions

hal-04159692 , version 1 (12-07-2023)

Identifiants

  • HAL Id : hal-04159692 , version 1

Citer

Christian Bidard. The Wage-Maximisation Property. 2020. ⟨hal-04159692⟩
9 Consultations
16 Téléchargements

Partager

More