Cross-Sectional Efficiency and Labour Hoarding in a Matching Model of Unemployment
- 1 July 1994
- journal article
- Published by Oxford University Press (OUP) in The Review of Economic Studies
- Vol. 61 (3) , 435-456
- https://doi.org/10.2307/2297898
Abstract
We study positive and normative aspects of steady-state equilibrium in a market where firms of endogenous size experience idiosyncratic shocks and unKeywords
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