| ID | 364331 |
| Title Proper | Informational consistency in a long-run labor market equilibrium model |
| Other Title Information | Memorandum from Institute of Economics, University of Oslo. No. 13, 12 September 1983 |
| Language | ENG |
| Author | Strand, Jon |
| Summary / Abstract (Note) | The long term equilibrium properties of a competitive economy are analysed. It is shown that 'informationally consistent' equilibria may arise, in which firms' initially erractic beliefs about the steady-state properties of the flows of workers, into the labor market and between firms, are confirmed through subsequent market observations. |
| `In' analytical Note | In Hersoug, Tor: Wage and Price inflation in a two-sector unionized economy. [Memorandum from Institute of Economics, University of Oslo. No. 7, 6 May 1983 ] Oslo. Institute of Economics, University of Oslo, 1983. |
| Key Words | Economics of Information ; Labor market equilibrium |