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Aggregate Demand Externalities and Labor Supply Decisions: Worker Discouragement and Market Inefficiency
Aggregate Demand Externalities Labor Supply Decisions
2015/9/21
When monopolistic firnls price using markups over worker productivity, low productivity workers may not enter the labor
market because the wage may be too low. In the presence of aggregate demand spi...
This paper outlines the methods and applications related to the
nascent area of empirical discrete games in marketing. Many key strategic
decisions firms make involve discrete choices such as ...