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Human capital externalities with monopsonistic competition

Kaas, Leo (contributor) - 2008

This paper provides a novel microeconomic foundation for pecuniary human capital externalities in a labor market model of monopsonistic competition. Multiple equilibria arise because of a strategic complementarity in investment decisions. -- Externalities ; human capital ; multiple equilibria

Persistent link: https://www.econbiz.de/10003759894

Monopsony makes firms not only small but also unproductive : why East Germany has not converged

Bachmann, Ruediger; Bayer, Christian; Stüber, Heiko; … - 2022

When employers face a trade-off between growing large and paying low wages - that is, when they have monopsony power - some productive employers will decide to acquire fewer customers, forgo sales, and remain small. These decisions have adverse consequences for aggregate labor productivity....

Persistent link: https://www.econbiz.de/10013198922

Subsidizing firm entry in open economies

Pflüger, Michael; Südekum, Jens - 2009

Entrepreneurs who decide to enter an industry are faced with different levels of effective entry costs in different countries. These costs are heavily influenced by economic policy. What is not well understood is how international trade affects the government incentive to impact on entry costs,...

Persistent link: https://www.econbiz.de/10003894876

Heterogeneous firms, trade, and economic policy : insights from a simple two-sector model

Pflüger, Michael; Russek, Stephan - 2011

consumers has inspired the development of a new brand of trade theory, the theory of heterogeneous firms and trade. The … technology potentials, market sizes, trade openness and various business conditions as well as the international repercussions …

Persistent link: https://www.econbiz.de/10009519889

Relational contracts and the economic well-being of nations

Kukharskyy, Bohdan; Pflüger, Michael - 2010

, Gibbons and Murphy (2002). -- aggregate welfare ; theory of the firm ; relational contracting ; firm heterogeneity …

Persistent link: https://www.econbiz.de/10009314275

A general model of technical change with an application to the OECD countries

Heshmati, Almas; Kumbhakar, Subal - 2011

call technology shifters (economic factors). We use several composite technology indices based on appropriate combinations … of the external economic factors which are indicators of different aspects of technology. These technology indices are … specific external economic factors. Furthermore, the technology shifters allow for non-neutral and biased shifts in TC. We also …

Persistent link: https://www.econbiz.de/10009425734

An injury to one is an injury to all : terrorism's spillover effects on bilateral trade

Pham, Cong S.; Doucouliagos, Chris - 2017

In this paper we investigate whether the effects of terrorism in one country spillover to affect trade in neighboring nations. Using a sample of more than 160 countries from 1976 to 2014, we report robust evidence that terrorist attacks in a nation's contiguous neighbors significantly reduce...

Persistent link: https://www.econbiz.de/10011694823

Effects of credit supply on unemployment and inequality

Bandyopadhyay, Subhayu; Dinopoulos, Elias; Unel, Bulent - 2016

The Great Recession, which was preceded by the financial crisis, resulted in higher unemployment and inequality. We propose a simple model where firms producing varieties face labor-market frictions and credit constraints. In the model, tighter credit leads to lower output, lower number of...

Persistent link: https://www.econbiz.de/10011494040

Bismarck versus Beveridge : which unemployment compensation system is more prone to labor market shocks?

Beissinger, Thomas; Büsse, Oliver - 2001

Based on a model with imperfectly competitive labor and product markets the real consequences of labor market shocks for economies with either an earnings-related or flatrate unemployment compensation system are considered. A distinctive feature of the analysis is the comparison of both...

Persistent link: https://www.econbiz.de/10011403752

A structural empirical model of firm growth, learning, and survival

Abbring, Jaap H. (contributor); … - 2003 - [Elektronische Ressource]

Persistent link: https://www.econbiz.de/10001760439