Berninghaus, Siegfried K.; Güth, Werner - In: Metroeconomica 60 (2009) 4, pp. 619-637
On a symmetric homogeneous oligopoly market with stochastic demand, firms can either hire employees or buy their labor input on a competitive labor market. Whereas the wage of hired labor does not depend on the realization of stochastic demand, the price of 'bought' labor reacts positively to...