Unemployment, Product Markets and General Equilibrium Effects

We examine how wages, unemployment and market regulations depend on the extent to which economic agents, voters and parties take general equilibrium effects into account. In particular, we are concerned about the following issues:

• How does non-awareness of general equilibrium feedback effects impact on wage negotiations between unions and employer associations?
• How does non-awareness of general equilibrium feedback effects impact on voting behavior regarding industry regulations?
• Can we neglect general equilibrium effects in the product market regulations?
• How do product market reforms and uneven technological change affect unemployment?

Publications:

• Collective Bargaining, Awareness of General Equilibrium effects and Unemployment, International Economic Review, forthcoming, 2010.
  (Hans Gersbach and Achim Schniewind)
  Current Version: available here
• Imperfect Competition, General Equilibrium and Unemployment, Journal of Economic Dynamics and Control, 32(5), 2008, 1381-1398.
  (Hans Gersbach and Achim Schniewind)
  Working Paper Version: available here
• Structural Reforms and the Macroeconomy, in Robert M. Solow (ed.) Structural Reform and Macroeconomic Policy, Palgrave Macmillan, 2004.
  (Hans Gersbach)
  Working Paper Version: available here
• Promoting Product Market Competition to Reduce Unemployment in Europe: An Alternative Approach?, Kyklos, 53(2), 2000, 117-133.
  (Hans Gersbach)

Working Papers:

• Voting Oneself into a Crisis
  (Hans-Jörg Beilharz and Hans Gersbach)
  Current Version: available here
• Uneven Technical Progress and Unemployment
  (Hans Gersbach and Achim Schniewind)
• Product Market Reforms and Unemployment in Europe
  (Hans Gersbach and Achim Schniewind)
• Learning of General Equilibrium Effects and the Unemployment Trap
  (Hans Gersbach and Achim Schniewind)

Team Members: Hans Gersbach, Martin Scheffel

Cooperation Partners: Hans-Jörg Beilharz, Achim Schniewind