Wauthy, Xavier; Zenou, Yves - Institut de Recherche Économique et Sociale (IRES), … - 1997
In this paper, we explore a simple model which focuses on the joint role of workers' heterogeneity and imperfect competition in the endogeneous formation of labor market equilibria. We show that, compared to the competitive case, imperfect competition leads to a misallocation of workers and to...