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Nonconvexity in General Equilibrium Labor Markets

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  • Coles, Jeffrey L

Abstract

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.

Suggested Citation

  • Coles, Jeffrey L, 1986. "Nonconvexity in General Equilibrium Labor Markets," Journal of Labor Economics, University of Chicago Press, vol. 4(3), pages 415-437, July.
    • Handle: RePEc:ucp:jlabec:v:4:y:1986:i:3:p:415-37
    DOI: 10.1086/298117
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    Cited by:

    1. W D A Bryant, 2009. "General Equilibrium:Theory and Evidence," World Scientific Books, World Scientific Publishing Co. Pte. Ltd., number 6875.
    2. Paul Oslington, 2012. "General Equilibrium: Theory and Evidence," The Economic Record, The Economic Society of Australia, vol. 88(282), pages 446-448, September.

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