Ni for the static case (see is indifference curve and )n of the representative union member is

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Ni for the static case (see is indifference curve and

)n of the representative union member is logarithmic (u(.) = log (.)) equation (8.56) can be rewritten by using (8.50) to yield:

1u=(w1) - u(B) = log wi - log B ED Witiw(W1)

log wi = log B + 1 ED

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Foundations Of Modern Macroeconomics

ISBN: 9781264857937

1st Edition

Authors: Ben J. Heijdra, Frederick Van Der Ploeg

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Question Posted: Nov 12, 2024 08:00 AM

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Ni for the static case (see is indifference curve and )n of the representative union member is

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Foundations Of Modern Macroeconomics

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