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A historical study of the computer industry reveals that computer manufacturers add workers to their payrolls, then shed them when the products they manufacture undergo technological change, increased...
How Does Imperfect Competition in the Labor Market Affect Unemployment Policies?
Nash equilibrium in wages heterogeneous workers and firms inequality
2013/10/18
We consider a continuum of workers ranked according to their abilities to acquire education and two firms with different technologies that imperfectly compete in wages to attract these workers. Once e...