Lasselle, Laurence; Svizzero, Serge - Centre for Research into Industry, Enterprise, Finance … - 2000
This paper is about involuntary unemployment in general equilibrium models with imperfect competition. It surveys papers written after the seminal work of d'Aspremont, Dos Santos Ferreira and Gérard-Varet (1984). This unemployment is called involuntary because it exists at any wage. It results...