d'Aspremont, Claude; Dos Santos Ferreira, Rodolphe; … - In: The Quarterly Journal of Economics 105 (1990) 4, pp. 895-919
In a simple temporary general equilibrium model, it is shown that, if the number of firms is small, imperfect price competition in the markets for goods may be responsible for the existence of unemployment at any given positive wage. In the authors' examples involving two firms facing their...