Workers' Skills and Product Selection.

When the production of high quality needs the employment of qualified labour, firms' decisions concerning quality are affected by the extent to which skills are abundant. By means of a comparison between monopoly and perfect competition, we show how market power in such a context may entail a distorsion in product selection towards too high average quality.

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Year of publication:	1999
Authors:	Gabszewicz, J. ; Turrini, A.
Institutions:	Center for Operations Research and Econometrics (CORE), École des Sciences Économiques de Louvain
Subject:	MARKET STRUCTURE \| HUMAN CAPITAL \| PRODUCTION

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Series:	Papers.
Type of publication:	Book / Working Paper
Notes:	12 pages
Classification:	D4 - Market Structure and Pricing ; J24 - Human Capital; Skills; Occupational Choice; Labor Productivity ; L13 - Oligopoly and Other Imperfect Markets ; L15 - Information and Product Quality; Standardization and Compatibility
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005478903