JELLAL, Mohamed; THISSE, Jacques-François; ZENOU, Yves - Center for Operations Research and Econometrics (CORE), … - 1997
We consider a finite number of firms which compete imperfectly for heterogenous workers. Firms produce a homogeneous good sold on a competitive market and face demand-induced price fluc- tuations. It is then shown that unemployment may arise in equilibrium because of uncertainty on product...