We consider the dynamic relationship between product market entry regulation and equilibrium unemployment. The main theoretical contribution is combining a job matching model with monopolistic competition in the goods market and individual bargaining. We calibrate the model to US data and...

We consider the dynamic relationship between product market entry regulation and equilibrium unemployment. The main theoretical contribution is combining a job matching model with monopolistic competition in the goods market and individual wage bargaining. Product market competition affects...

In this paper we examine debates concerned with national models of industrialorganisation. One school of thought has argued that distinct national models, orbusiness systems are a prevelent and enduring paradigm. Critiques of such anapproach argue that common global competitive pressures will...