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On Labour Demand and Equilibria of the Firm

Robert L. Vienneau


Manchester School, Vol. 73, No. 5, pp. 612-619, September 2005

This note considers a linear programming formulation of the problem of the firm. A neoclassical non-increasing labour demand function is derived from the solution of the linear program. Only a set of measure zero on this function, one or two points in the examples examined, provides equilibria of the representative firm. Equilibria of the representative firm are characterized by decisions of its managers that allow the same decisions to be made in successive periods. Hence, one can explain the quantity of labour that firms desire to hire either by a traditional neoclassical labour demand function or by equilibria of the firm, but generally not both.

Number of Pages in PDF File: 8

Date posted: September 1, 2005  

Suggested Citation

Vienneau, Robert L., On Labour Demand and Equilibria of the Firm. Manchester School, Vol. 73, No. 5, pp. 612-619, September 2005. Available at SSRN: http://ssrn.com/abstract=783005

Contact Information

Robert L. Vienneau (Contact Author)
Independent ( email )
209 Maple Street
Rome, NY 13440
315-336-5417 (Phone)
315-334-4964 (Fax)
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