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Thesis

Factor market disequilibrium in neoclassical and neo-Keynsian models

Abstract:

This thesis explores two different approaches to the study of simple general equilibrium models in situations where "full" or "long-run" equilibrium does not prevail.

The first part of the thesis examines the consequences of dynamizing the two-sector model of competitive equilibrium, in the sense of making explicit the process whereby momentary equilibrium (i.e., full equilibrium with a given factor endowment) is attained. A number of plausible adjustment mechanisms are proposed, of ...

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Institution:
University of Oxford
Oxford college:
Nuffield College
Role:
Author
Publication date:
1978
Type of award:
DPhil
Level of award:
Doctoral
Awarding institution:
University of Oxford
Source identifiers:
602329490
Language:
English
Subjects:
UUID:
uuid:ca076ad4-538e-4b05-9286-4df70a34bfa1
Local pid:
td:602329490
Deposit date:
2013-01-18

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