Bokan, Nikola; Hallett, Andrew Hughes - Centre for Dynamic Macroeconomic Analysis, University … - 2006
competition in both product and labour markets in order to show the impact of deregulation on the economy. However they do not …. Blanchard and Giavazzi (2003) develop a model based
on imperfect competition in both product and labour markets in order to …, with the need for higher
productivity, lower costs and more �exible (or more competitive) labour
markets.
These arguments …