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Variable population egalitarian ethics and the critical-level: a note
(2000)
Documento de trabajo / Lan gaiak,
This paper explores the introduction of a variable critical-level in a variable population context. We focus the attention on the “Critical-Level Egalitarian Rule”, a social evaluation procedure which compares two social ...
Freedom of choice: the leximax criterion in economic environments
(2000)
Documento de trabajo / Lan gaiak,
Many recent works have investigated the question of extending a preference over a set of alternatives to its power set, as a way to provide a formal representation of the notion of freedom of choice. In general, the results ...
Wage stickiness and unemployment fluctuations: an alternative approach
(2009)
Documento de trabajo / Lan gaiak,
Erceg, Henderson and Levin (2000, Journal of Monetary Economics) introduce sticky wages in a New-Keynesian general-equilibrium model. Alternatively, it is shown here how wage stickiness may bring unemployment fluctuations ...
A new Keynesian analysis of industrial employment fluctuations
(2009)
Documento de trabajo / Lan gaiak,
This paper describes a model with sticky prices, search frictions and hours-clearing wages that provides firm differentiation across several dimensions: price, output, wage, employment and hours per worker. The connection ...
Sticky prices, sticky wages, and also unemployment
(2008)
Documento de trabajo / Lan gaiak,
This paper shows a New Keynesian model where wages are set at the value that matches household's labor supply with firm's labor demand. Subsequently, wage stickiness brings industry-level unemployment fluctuations. After ...