Demand uncertainty, mismatch and (un)employment
نویسندگان
چکیده
منابع مشابه
Demand uncertainty , mismatch , and ( un ) employment ∗
A finite number of heterogeneous firms facing demand-induced price fluctuations imperfectly compete for heterogeneous workers. Because firms must commit to wages and employment before the realization of product price, they exhibit a risk-averse behavior. It is then shown that unemployment may arise in equilibrium because of the combination of uncertainty on product price and mismatch between wo...
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ژورنال
عنوان ژورنال: Economics Letters
سال: 2005
ISSN: 0165-1765
DOI: 10.1016/j.econlet.2005.08.017