Miniscloux, Ariane Tichit; Tanguy, Solenne - HAL - 2012
economy. We consider a dynamic matching-model with a declining and an emerging competitive sector. We show that there are two … with a small one. Surprisingly, the end of transition is also characterized by lower unemployment when there are massive … layoffs - because in the short run, the high unemployment implied by the massive decrease makes job creation in the …