Labour Market Adjustment: Microeconomic Foundations of Short-Run Neoclassical and Keynesian Dynamics

by Christopher A. Pissarides and Anthony F. Carver

The main purpose of this book is to develop a general theoretical framework within which it is possible to analyse the interaction of markets in disequilibrium. It considers optimal firm and household behaviour in a dynamic sequence of the labour and commodity markets when there is imperfect information about wage offers and the supply price of labour. The study is mainly theoretical but several empirical phenomena are shown to have an important interpretation...

• Format: Paperback
• Language: English
• ISBN: 0521106060
• ISBN13: 9780521106061
• Release Date: April 2009
• Publisher: Cambridge University Press
• Length: 272 Pages
• Weight: 0.77 lbs.
• Dimensions: 0.6" x 5.5" x 8.5"