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This paper develops a Walrasian equilibrium theory of establishment dynamics and matching frictions and uses it to …
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This paper develops a Walrasian equilibrium theory of establishment dynamics and matching frictions and uses it to …
Persistent link: https://www.econbiz.de/10014200408
This article introduces and analyzes a Walrasian model of worker flows, job flows, vacancies, and unemployment … establishment dynamics into the model, while realistic, is irrelevant for understanding unemployment and vacancy fluctuations: The …
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