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Involuntary Unemployment and Imperfect Competition: A Game-theoretic Macromodel

In: The Economics of Imperfect Competition and Employment

Author

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  • John Roberts

Abstract

The purpose of this chapter is to suggest that the methodology of non-cooperative game theory, which is so prominent in partial equilibrium analyses of imperfectly competitive markets, can fruitfully be adopted to study traditional macroeconomic issues that have usually been approached via non-strategic general equilibrium models or treated solely as disequilibrium phenomena.

Suggested Citation

  • John Roberts, 1989. "Involuntary Unemployment and Imperfect Competition: A Game-theoretic Macromodel," Palgrave Macmillan Books, in: George R. Feiwel (ed.), The Economics of Imperfect Competition and Employment, chapter 2, pages 146-165, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-08630-6_2
    DOI: 10.1007/978-1-349-08630-6_2
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    Cited by:

    1. Herings, P. Jean-Jacques & van der Laan, Gerard & Talman, Dolf, 2009. "Equilibria with coordination failures," Journal of Mathematical Economics, Elsevier, vol. 45(1-2), pages 23-37, January.
    2. Fagnart, Jean-Francois & Pierrard, O. & Sneessens, Henri R., 2007. "Microeconomic uncertainty and macroeconomic indeterminacy," European Economic Review, Elsevier, vol. 51(6), pages 1564-1588, August.

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