Showing 1 - 10 of 431
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/10011524937
In this paper we investigate the effect of local banking development on firms' innovative activities, using a rich data set on innovation for a large number of Italian firms over the 1990's. There is evidence that banking development affects the probability of process innovation, particularly...
Persistent link: https://www.econbiz.de/10010267494
We study the implications of product market competition and investment for price setting, wage bargaining and thereby … market competition will reduce equilibrium unemployment, whereas the effect of increased capital intensity is more complex …
Persistent link: https://www.econbiz.de/10010261822
We study how frictions in learning others' technology, termed "imperfect technology spillovers," impact firm innovation strategies and the aggregate economy through changes in innovation composition. We develop an endogenous growth model that generates strategic innovation decisions, where...
Persistent link: https://www.econbiz.de/10015210944
limitations of the available data, and the potential implications of common ownership for competition in Australia. …
Persistent link: https://www.econbiz.de/10012597433
market economies. The primary focus of the study is on competition and market structure, finance and the structure of lending … interpretation of the evidence on competition is that there is an initial move by firms into niches to exploit local market power …
Persistent link: https://www.econbiz.de/10005822674
In this paper we study how promoting product market competition by reducing mark-ups or by increasing productivity are …
Persistent link: https://www.econbiz.de/10010262459
incidence increases with competition but decreases with lower demand elasticity. Furthermore, the air passenger tax reduces …
Persistent link: https://www.econbiz.de/10014533931
This paper analyzes the impact of labor market competition and skill-biased technical change on the structure of … compensation. The model combines multitasking and screening, embedded into a Hotelling-like framework. Competition for the most … perfect competition, the resulting efficiency loss can be much larger than that imposed by a single firm or principal, who …
Persistent link: https://www.econbiz.de/10010293214
We study how workers' concern for coworkers' ability (CfCA) affects competition in the labor market. We consider two … also increases firms' competition for high-ability workers. As a result, CfCA benefits high-ability workers but is …
Persistent link: https://www.econbiz.de/10012882431