Price competition, inter-firms relationships, bank discrimination and wage inequalities: a post keynesian perspective
The article analyses the impact of price competition on inter-firms relationships, bank discrimination and wages inequalities in a Post Keynesian micro/macro perspective. It engages in the debate on the effect of price competitive pressures on profit margins. Underlying the ability of firms to trans...
Saved in:
| Main Authors: | , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Association Recherche & Régulation
2014-12-01
|
| Series: | Revue de la Régulation |
| Subjects: | |
| Online Access: | https://journals.openedition.org/regulation/11003 |
| Tags: |
Add Tag
No Tags, Be the first to tag this record!
|
| _version_ | 1832577990791266304 |
|---|---|
| author | Jordan Melmiès Thomas Dallery |
| author_facet | Jordan Melmiès Thomas Dallery |
| author_sort | Jordan Melmiès |
| collection | DOAJ |
| description | The article analyses the impact of price competition on inter-firms relationships, bank discrimination and wages inequalities in a Post Keynesian micro/macro perspective. It engages in the debate on the effect of price competitive pressures on profit margins. Underlying the ability of firms to transfer the constraint of price pressures to other agents in the economy, and the role of credit discrimination by banks, the paper focuses on the case of a transfer to suppliers and/or subcontractors. We then build a macroeconomic model of a disaggregated economy to show the global consequences of such a mechanism. Simulations suggest that price competition doesn’t lead to a reduction in profit margins but rather to increased wage inequalities. Furthermore, the effect on employment of price pressures is all the more reduced that these price pressures are transferred to other agents. |
| format | Article |
| id | doaj-art-d69ca7ac785d428c93817638351b8cdc |
| institution | Kabale University |
| issn | 1957-7796 |
| language | English |
| publishDate | 2014-12-01 |
| publisher | Association Recherche & Régulation |
| record_format | Article |
| series | Revue de la Régulation |
| spelling | doaj-art-d69ca7ac785d428c93817638351b8cdc2025-01-30T14:25:51ZengAssociation Recherche & RégulationRevue de la Régulation1957-77962014-12-011610.4000/regulation.11003Price competition, inter-firms relationships, bank discrimination and wage inequalities: a post keynesian perspectiveJordan MelmièsThomas DalleryThe article analyses the impact of price competition on inter-firms relationships, bank discrimination and wages inequalities in a Post Keynesian micro/macro perspective. It engages in the debate on the effect of price competitive pressures on profit margins. Underlying the ability of firms to transfer the constraint of price pressures to other agents in the economy, and the role of credit discrimination by banks, the paper focuses on the case of a transfer to suppliers and/or subcontractors. We then build a macroeconomic model of a disaggregated economy to show the global consequences of such a mechanism. Simulations suggest that price competition doesn’t lead to a reduction in profit margins but rather to increased wage inequalities. Furthermore, the effect on employment of price pressures is all the more reduced that these price pressures are transferred to other agents.https://journals.openedition.org/regulation/11003competitionPost Keynesian economicsconstraint transferupstream firmsStock flow consistent modelling |
| spellingShingle | Jordan Melmiès Thomas Dallery Price competition, inter-firms relationships, bank discrimination and wage inequalities: a post keynesian perspective Revue de la Régulation competition Post Keynesian economics constraint transfer upstream firms Stock flow consistent modelling |
| title | Price competition, inter-firms relationships, bank discrimination and wage inequalities: a post keynesian perspective |
| title_full | Price competition, inter-firms relationships, bank discrimination and wage inequalities: a post keynesian perspective |
| title_fullStr | Price competition, inter-firms relationships, bank discrimination and wage inequalities: a post keynesian perspective |
| title_full_unstemmed | Price competition, inter-firms relationships, bank discrimination and wage inequalities: a post keynesian perspective |
| title_short | Price competition, inter-firms relationships, bank discrimination and wage inequalities: a post keynesian perspective |
| title_sort | price competition inter firms relationships bank discrimination and wage inequalities a post keynesian perspective |
| topic | competition Post Keynesian economics constraint transfer upstream firms Stock flow consistent modelling |
| url | https://journals.openedition.org/regulation/11003 |
| work_keys_str_mv | AT jordanmelmies pricecompetitioninterfirmsrelationshipsbankdiscriminationandwageinequalitiesapostkeynesianperspective AT thomasdallery pricecompetitioninterfirmsrelationshipsbankdiscriminationandwageinequalitiesapostkeynesianperspective |