Supply-side strategic unemployment in small business |
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Authors: | Manfred J Holler |
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Institution: | (1) Institute of Economics University of Hamburg, Von-Melle-Park 5, D-2000 Hamburg 13, Germany |
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Abstract: | In this paper, the model which will be analysed is characterized by a labour market with (a) profitable vacancies, (b) unemployment, (c) excess labour supply, (d) limited mobility and divisibility of labour, and (e) competition on-the-job. The analysed setting is typical for a small-business economy. The analysis suggests that unemployment will be greater than equilibrium unemployment if present employees and potential entrants consider job assignments for this market under strategic perspectives. |
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