Review of Economic Studies Vol. 36 No. 2 1969
The Degree of Monopoly in the Kaldor-Mirrlees Growth Model
Abstract
The Kaldor-Mirrlees model of economic growth (Kaldor and Mirrlees 1962) seems to contain an inconsistency between the assumption of imperfect competition and the relation it postulates between the wage rate and the marginal productivity of labour.
- DOI
- 10.2307/2296843
- Volume
- 36
- Issue
- 2
- Pages
- 257
- Sources
- crossref openalex