The share economy in general equilibrium |
| |
Authors: | Truman Bewley |
| |
Affiliation: | Department of Economics, Yale University, New Haven, Connecticut 06520, USA |
| |
Abstract: | Weitzman's 1982 paper on increasing returns and unemployment equilibrium is driven by the presence of a Clower constraint and does not provide a persuasive model of unemployment. The employment effects of implementation of a share economy are impossible to evaluate until unemployment equilibrium is understood. Further, the determination and adjustment of the share parameter and of labor demand are unsatisfactory in Weitzman's model. |
| |
Keywords: | |
本文献已被 ScienceDirect 等数据库收录! |
|