Social conflict, growth and factor shares

  • Christopher Tsoukis, Frederic Tournemaine
  • Published 2015

Abstract

Standard growth theory is based on atomistic agents with no strategic interactions among them. In contrast, we model growth as resulting from a one-off, strategic game between “workers” and owners of capital (“capitalists”) on factor shares, in an otherwise standard “AK” growth model. The resulting distribution of income between factors further determines… (More)

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Cite this paper

@inproceedings{Tsoukis2015SocialCG, title={Social conflict, growth and factor shares}, author={Christopher Tsoukis and Frederic Tournemaine}, year={2015} }