Equilibrium Unemployment Theory by Christopher A. Pissarides

Equilibrium Unemployment Theory

Christopher A. Pissarides

252 pages first pub 1990 (editions)

nonfiction economics informative medium-paced
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An equilibrium theory of unemployment assumes that firms and workers maximize their payoffs under rational expectations and that wages are determined to exploit the private gains from trade. This book focuses on the modeling of the transitions in ...

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