Demand uncertainty mismatch and (un)employment
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.
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- Blanchard, Olivier & Wolfers, Justin, 2000.
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Royal Economic Society, vol. 110(462), pages C1-33, March.
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NBER Working Papers
1635, National Bureau of Economic Research, Inc.
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Working Paper Series
481, Research Institute of Industrial Economics.
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- Lars Ljungqvist & Thomas J. Sargent, 1996. "The European Unemployment Dilemma," EUI-RSCAS Working Papers 36, European University Institute (EUI), Robert Schuman Centre of Advanced Studies (RSCAS).
- HAMILTON, Jonathan & THISSE, Jacques-FranÃ§ois & ZENOU, Yves, .
"Wage competition with heterogeneous workers and firms,"
CORE Discussion Papers RP
1463, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
- Hamilton, Jonathan & Thisse, Jacques-Francois & Zenou, Yves, 2000. "Wage Competition with Heterogeneous Workers and Firms," Journal of Labor Economics, University of Chicago Press, vol. 18(3), pages 453-72, July.
- Hamilton, Jonathan & Thisse, Jacques-François & Zenou, Yves, 1999. "Wage Competition with Heterogeneous Workers and Firms," CEPR Discussion Papers 2141, C.E.P.R. Discussion Papers.
- Sandmo, Agnar, 1971. "On the Theory of the Competitive Firm under Price Uncertainty," American Economic Review, American Economic Association, vol. 61(1), pages 65-73, March.
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