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Distribution and Growth in an Economy with Limited Needs
Saint-Paul, Gilles - 2001
increases utility. It is assumed that each variety is owned by a monopoly. Workers can specialize in material goods production … increases, the price elasticity of demand falls, and markups increase to infinity as consumption reaches the unit elasticity … bliss point can only be made better-off by an increase in diversity. If wages are set by monopoly unions rather than set …
Persistent link: https://www.econbiz.de/10010262477
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Common Ownership of Competing Firms: Evidence from Australia
Leigh, Andrew; Triggs, Adam - 2021
We provide the first estimates of the extent of common ownership of competing firms in Australia. Combining data on market shares and substantial shareholdings, we calculate the impact of common ownership on effective market concentration. Among firms where we can identify at least one owner, 31...
Persistent link: https://www.econbiz.de/10012597433
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Distribution and Growth in an Economy with Limited Needs
Saint-Paul, Gilles - Institute for the Study of Labor (IZA) - 2001
increases utility. It is assumed that each variety is owned by a monopoly. Workers can specialize in material goods production … increases, the price elasticity of demand falls, and markups increase to infinity as consumption reaches the unit elasticity … bliss point can only be made better-off by an increase in diversity. If wages are set by monopoly unions rather than set …
Persistent link: https://www.econbiz.de/10005762377
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Dealer Pricing of Consumer Credit
Bertola, Giuseppe; Hochguertel, Stefan; Koeniger, Winfried - 2002
Interest rates on consumer lending are lower when funds are tied to purchase of a durable good than when they are made available on an unconditional basis. Further, dealers often choose to bear the financial cost of their customers? credit purchases. This paper interprets this phenomenon in...
Persistent link: https://www.econbiz.de/10010262807
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Dealer Pricing of Consumer Credit
Bertola, Giuseppe; Hochguertel, Stefan; Koeniger, Winfried - Institute for the Study of Labor (IZA) - 2002
Interest rates on consumer lending are lower when funds are tied to purchase of a durable good than when they are made available on an unconditional basis. Further, dealers often choose to bear the financial cost of their customers’ credit purchases. This paper interprets this phenomenon in...
Persistent link: https://www.econbiz.de/10005822225
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Inequality and Market Concentration, When Shareholding Is More Skewed Than Consumption
Gans, Joshua S.; Leigh, Andrew; Schmalz, Martin; … - 2018
Economic theory suggests that monopoly prices hurt consumers but benefit shareholders. But in a world where individuals …
Persistent link: https://www.econbiz.de/10011984594
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A Product Market Theory of Worker Training
Gersbach, Hans; Schutzler, Armin - 2001
We develop a product market theory that explains why firms invest in general training of their workers. We consider a model where firms first decide whether to invest in general human capital, then make wage offers for each others? trained employees and finally engage in imperfect product market...
Persistent link: https://www.econbiz.de/10010262533
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Labor and Financial Market Interactions: The Case of Labor Income Risk and Car Insurance in the UK 1969-95
Koeniger, Winfried - 2001
demand for car insurance. ? the effects of increases in labor income risk after 1979 seem to be more than offset by a more …
Persistent link: https://www.econbiz.de/10010262448
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Other-regarding preferences and leadership styles
Kocher, Martin G.; Pogrebna, Ganna; Sutter, Matthias - 2009
We use a laboratory experiment to examine whether and to what extent other-regarding preferences of team leaders influence their leadership style in choice under risk. We find that leaders who prefer efficiency or report high levels of selfishness are more likely to exercise an autocratic...
Persistent link: https://www.econbiz.de/10010269301
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Distributional Effects of Competition: A Simulation Approach
Rodriguez Castelan, Carlos; Araar, Abdelkrim; … - 2021
Understanding the economic and social effects of the recent global trends of rising market concentration and market power has become a policy priority. To fill this knowledge gap, this paper introduces a simple simulation method, the Welfare and Competition tool (WELCOM), to estimate with...
Persistent link: https://www.econbiz.de/10012497944