Herrendorf, Berthold; Teixeira, Arilton - EconWPA - 2004
monopoly rights in the labour market. We answer this question in a calibrated growth model with two final goods sectors. The … novel feature being that monopoly rights in the capital-producing sector shield insiders from competition by outsiders and … permit coalitions of insiders to choose inefficient technologies or working practices. We find that monopoly rights can lead …