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Séminaire du GERAD : Dynamic Duopolistic Competition with Sticky Wages

Séminaire du GERAD : Dynamic Duopolistic Competition with Sticky Wages

Séminaire Fondation HEC Montréal | Chaire de théorie des jeux et gestion | GERAD

Titre : Dynamic Duopolistic Competition with Sticky Wages

Conférencier : COLOMBO, Luca (Deakin University, Australia)

Résumé :

We propose a dynamic duopoly game where firms choose the amount of labour to employ at each point in time under the assumption that wages do not adjust instantaneously to the level indicated by the labour supply. Our analysis is conducted in terms of a differential game. We derive open-loop and closed-loop (feedback) Nash equilibrium strategies and show how wage stickiness impacts on firms' labour demand and the long-run equilibrium wage. We also characterize the social optimum, and show how the government can induce firms to behave in a way that is socially desirable through labour income taxation.

Entrée libre

Bienvenus à tous!

Date

Vendredi 16 mai 2014
Débute à 11h00

Prix

gratuit

Contact

514-340-6053 6991

Lieu

Université de Montréal - Pavillon André-Aisenstadt
2920, chemin de la Tour
Montréal
QC
Canada
H3T 1N8
514 343-6111
4488

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