Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/223432
Authors: 
Kushnir, Alexey
Tarasov, Alexander
Zubrickas, Robertas
Year of Publication: 
2020
Series/Report no.: 
CESifo Working Paper No. 8360
Abstract: 
We consider a model of monopolistic competition with several heterogeneous sectors and endogenous labor supply. For low (high) values of the labor supply elasticity, we show that there is always a unique equilibrium. For medium values of the labor supply elasticity, the set of equilibria (if non-empty) can comprise of several equilibria, with the number of equilibria bounded by the number of sectors.
Subjects: 
labor elasticity
multiple equilibria
stability
JEL: 
D43
L13
Document Type: 
Working Paper

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