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.
Economics Letters
Demand Uncertainty, Mismatch and (Un)employment
Tidskriftsartikel
Referens
Jellal, Mohamed, Jacques-François Thisse och Yves Zenou (2005). ”Demand Uncertainty, Mismatch and (Un)employment”. Economics Letters 88(1), 33–39. doi.org/10.1016/j.econlet.2005.01.014
Jellal, Mohamed, Jacques-François Thisse och Yves Zenou (2005). ”Demand Uncertainty, Mismatch and (Un)employment”. Economics Letters 88(1), 33–39. doi.org/10.1016/j.econlet.2005.01.014
Författare
Mohamed Jellal,
Jacques-François Thisse,
Yves Zenou
