Zhao, Bo - In: Economic Modelling 29 (2012) 3, pp. 586-600
-wage model of unemployment based on Shapiro and Stiglitz (1984). An important feature of our model is that a firm can raise the … variables such as job separation rate, technological advances, market size, and unemployment benefits. Furthermore, by comparing … with the competitive equilibrium we find that monopoly is associated with higher unemployment rate, smaller output, and …