Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
9549246 | Economics Letters | 2005 | 7 Pages |
Abstract
Heterogeneous firms facing demand-induced price fluctuations imperfectly compete for heterogeneous workers. It is shown that unemployment may arise in equilibrium because of the combination of uncertainty on product price and mismatch between workers' skills and firms' job requirements.
Keywords
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Mohamed Jellal, Jacques-François Thisse, Yves Zenou,