On Monopolistic Competition and Involuntary Unemployment
在一个简单的短期一般均衡模型中，本文证明当企业数量较少时，商品市场的不完全价格竞争可能导致在任何正工资水平下都存在失业。
In a simple temporary general equilibrium model, it is shown that, if the number\nof firms is small, imperfect price competition in the markets for goods may be\nresponsible for the existence of unemployment at any given positive wage. In our\nexamples involving two firms facing their "true" demand curves, total monopolistic\nlabor demand remains bounded as the wage rate goes to zero, and unemployment\nprevails for a sufficiently large inelastic labor supply. In the competitive case total labor demand would go to infinity and intersect labor supply at a positive wage.