Ebell, Monique; Haefke, Christian - Institute for the Study of Labor (IZA) - 2003
matching frictions, monopolistic competition in the goods market, multi-worker firms, individual wage bargaining and barriers … to entry. We identify two main channels by which product market competition affects unemployment: the output expansion … externality a la Stole and Zwiebel (1996). Quantitatively, increasing our measure of competition has a surprisingly moderate …