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Article

On equilibrium in monopolistic competition with endogenous labor

Economics Letters. 2021. Vol. 201.
Kushnir A., Tarasov A., Zubrickas R.

We consider a model of monopolistic competition with several heterogeneous sectors and endogenous labor supply. For low (high) values of the labor supply elasticity, we show that there is always a unique equilibrium. For medium values of the labor supply elasticity, there are either zero or two equilibria.