Title :

Price competition, inter-firms relationships, bank discrimination and wage inequalities: a post keynesian perspective

Translated title :

Concurrence par les prix, relations inter-firmes, discrimination bancaire et inégalités salariales : une perspective postkeynésienne

Author(s) :

Melmies, Jordan [Auteur]
Centre Lillois d'Études et de Recherches Sociologiques et Économiques (CLERSE) - UMR 8019
Dallery, Thomas [Auteur]
Centre Lillois d'Études et de Recherches Sociologiques et Économiques (CLERSE) - UMR 8019

Journal title :

Revue de la régulation. Capitalisme, institutions, pouvoirs

Volume number :

16

Publisher :

OpenEdition

Publication date :

2014-12-10

ISSN :

1957-7796

Keyword(s) :

concurrence
économie postkeynésienne
report de contrainte
entreprises sous-traitantes
modélisation Stock-Flux cohérente

English keyword(s) :

competition
Post Keynesian economics
constraint transfer
upstream firms
Stock flow consistent modelling

HAL domain(s) :

Sciences de l'Homme et Société/Economies et finances

English abstract : [en]

The article analyses the impact of price competition on inter-firms relationships, bank discrimination and wages inequalities in a Post Keynesian micro/macro perspective. It engages in the debate on the effect of price ...
Show more >The article analyses the impact of price competition on inter-firms relationships, bank discrimination and wages inequalities in a Post Keynesian micro/macro perspective. It engages in the debate on the effect of price competitive pressures on profit margins. Underlying the ability of firms to transfer the constraint of price pressures to other agents in the economy, and the role of credit discrimination by banks, the paper focuses on the case of a transfer to suppliers and/or subcontractors. We then build a macroeconomic model of a disaggregated economy to show the global consequences of such a mechanism. Simulations suggest that price competition doesn’t lead to a reduction in profit margins but rather to increased wage inequalities. Furthermore, the effect on employment of price pressures is all the more reduced that these price pressures are transferred to other agents.Show less >

Language :

Anglais

Audience :

Internationale

Popular science :

Non

Administrative institution(s) :

Université de Lille
CNRS
Univ. Littoral Côte d’Opale

Collections :

• Centre Lillois d'Études et de Recherches Sociologiques et Économiques (CLERSE) - UMR 8019

Research team(s) :

Économies et sociétés : développement, richesse, innovation et régulation

Submission date :

2023-07-07T09:45:56Z
2023-07-11T13:00:09Z