Preface Acknowledgements Part I. Overview: 1. Underemployment equilibria: from theory to economics and policy Part II. Equilibria With Price Rigidities: 2. Existence of an exchange equilibrium under price rigidities 3. On supply-constrained equilibria 4. Competitive equilibria with quantity-taking producers and increasing returns to scale Part III. Efficiency of Constrained Equilibria: 5. Optimality properties of rationing schemes 6. Values of markets with satiation or fixed prices Part IV. Public Goods and the Public Sector: 7. Public goods with exclusion 8. Second-best analysis with markets in disequilibrium: public sector pricing in a keynesian regime Part V. Price Adjustments: 9. Demand estimation, risk aversion and sticky prices 10. Stability of a keynesian adjustment process Part VI. Wage Policies: 11. The role of securities and labour contracts in the optimal allocation of risk-bearing 12. Wages, employment and the equity-efficiency trade-off 13. Labour management, contracts and capital markets: some macroeconomic aspects, and conclusions Part VII. Econometrics: 14. The trade-off between real wages and employment in an open economy (Belgium) 15. A discussion of Belgium unemployment, combining traditional concepts and disequilibrium econometrics 16. Europe's unemployment problem: introduction and synthesis Part VIII. Policy: 17. Work-sharing: some theory and recent European experience 18. The two-handed growth strategy for Europe: autonomy through flexible cooperation References Index.
Preface Acknowledgements Part I. Overview: 1. Underemployment equilibria: from theory to economics and policy Part II. Equilibria With Price Rigidities: 2. Existence of an exchange equilibrium under price rigidities 3. On supply-constrained equilibria 4. Competitive equilibria with quantity-taking producers and increasing returns to scale Part III. Efficiency of Constrained Equilibria: 5. Optimality properties of rationing schemes 6. Values of markets with satiation or fixed prices Part IV. Public Goods and the Public Sector: 7. Public goods with exclusion 8. Second-best analysis with markets in disequilibrium: public sector pricing in a keynesian regime Part V. Price Adjustments: 9. Demand estimation, risk aversion and sticky prices 10. Stability of a keynesian adjustment process Part VI. Wage Policies: 11. The role of securities and labour contracts in the optimal allocation of risk-bearing 12. Wages, employment and the equity-efficiency trade-off 13. Labour management, contracts and capital markets: some macroeconomic aspects, and conclusions Part VII. Econometrics: 14. The trade-off between real wages and employment in an open economy (Belgium) 15. A discussion of Belgium unemployment, combining traditional concepts and disequilibrium econometrics 16. Europe's unemployment problem: introduction and synthesis Part VIII. Policy: 17. Work-sharing: some theory and recent European experience 18. The two-handed growth strategy for Europe: autonomy through flexible cooperation References Index.
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