Contents

pp ix-xvi

Preface

pp xvii-xxiii

Acknowledgements

pp xxiv-xxvi

I - OVERVIEW

pp 1-2

1 - Underemployment Equilibria: From Theory to Econometrics and Policy

pp 3-30

II - EQUILIBRIA WITH PRICE RIGIDITIES

pp 31-32

2 - Existence of an Exchange Equilibrium under Price Rigidities

pp 33-55

3 - On Supply-Constrained Equilibria

pp 56-66

4 - Competitive Equilibria with Quantity-Taking Producers and Increasing Returns to Scale

pp 67-88

III - EFFICIENCY OF CONSTRAINED EQUILIBRIA

pp 89-90

5 - Optimality Properties of Rationing Schemes

pp 91-110

6 - Values of Markets with Satiation or Fixed Prices

pp 111-132

IV - PUBLIC GOODS AND THE PUBLIC SECTOR

pp 133-134

7 - Public Goods with Exclusion

pp 135-155

8 - Second-Best Analysis with Markets in Disequilibrium: Public Sector Pricing in a Keynesian Regime

pp 156-196

V - PRICE ADJUSTMENTS

pp 197-198

9 - Demand Estimation, Risk Aversion and Sticky Prices

pp 199-204

10 - Stability of a Keynesian Adjustment Process

pp 205-242

VI - WAGE POLICIES

pp 243-244

11 - The Role of Securities and Labour Contracts in the Optimal Allocation of Risk-Bearing

pp 245-270

12 - Wages, Employment and the Equity–Efficiency Trade-Off

pp 271-296

13 - Labour Management, Contracts and Capital Markets: Some Macroeconomic Aspects, and Conclusions

pp 297-318

VII - ECONOMETRICS

pp 319-320

14 - The Trade-Off Between Real Wages and Employment in an Open Economy (Belgium)

pp 321-361

15 - A Discussion of Belgium Unemployment, Combining Traditional Concepts and Disequilibrium Econometrics

pp 362-400

16 - Europe's Unemployment Problem: Introduction and Synthesis

pp 401-458

VIII - POLICY

pp 459-460

17 - Work-Sharing: Some Theory and Recent European Experience

pp 461-499

18 - The Two-Handed Growth Strategy for Europe: Autonomy through Flexible Cooperation

pp 500-546