Price competition, inter-firms relationships, ...
Type de document :
Article dans une revue scientifique
DOI :
URL permanente :
Titre :
Price competition, inter-firms relationships, bank discrimination and wage inequalities: a post keynesian perspective
Auteur(s) :
Titre de la revue :
Revue de la régulation
Nom court de la revue :
regulation
Éditeur :
OpenEdition
Date de publication :
2014-12-10
ISSN :
1957-7796
Résumé en anglais : [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 ...
Lire la suite >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.Lire moins >
Lire la suite >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.Lire moins >
Langue :
Français
Audience :
Non spécifiée
Établissement(s) :
Université de Lille
CNRS
Univ. Littoral Côte d’Opale
CNRS
Univ. Littoral Côte d’Opale
Collections :
Équipe(s) de recherche :
Économies et sociétés : développement, richesse, innovation et régulation
Date de dépôt :
2023-07-07T09:45:56Z