Spatial Equilibrium with Unemployment and Wage Bargaining: Theory and Estimation
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In this paper, we present a spatial equilibrium model where search frictions hinder the immediate reallocation of workers both within and across local labour markets. Because of the frictions, firms and workers find themselves in bilateral monopoly positions when determining wages. Although workers
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美国国家经济研究局创建时间：
2013-06-01
