Nonconvexity in General Equilibrium Labor Markets
研究劳动力供给决策中的非凸性在一般均衡框架下的影响,证明即使存在非凸性,标准一般均衡定理仍然成立。
The classic case of nonconvexity in consumer opportunities is that of labor supply. While most studies of labor supply concentrate on the individual agent in partial equilibrium, this study considers general equilibrium. The author shows that even with nonconvex consumer opportunities, such as those involved in the labor supply decision, the standard theorems of general equilibrium models still hold. Copyright 1986 by University of Chicago Press.