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Journal Article Wages and Employment under Uncertain Demand Get access Martin Neil Baily Martin Neil Baily Yale University Search for other works by this author on: Oxford Academic Google Scholar The Review of Economic Studies, Volume 41, Issue 1, January 1974, Pages 37–50, https://doi.org/10.2307/2296397 Published: 01 January 1974
Martin Neil Baily (1974) studied this question.