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Optimal fiscal and monetary policy under imperfect competition

Schmitt-Grohé, Stephanie; Uribe, Martín - 2001

This paper studies optimal fiscal and monetary policy

Persistent link: https://www.econbiz.de/10010318348

Harms, Philipp - 2002

We use a dynamic general-equilibrium model to study how removing barriers to competition in the nontraded goods sector affects the current account of a small open economy. We show that the expansion of the nontraded sector that results from such a "deregulation shock" is associated with an...

Persistent link: https://www.econbiz.de/10011430037

The determinants of hiring in local labor markets: The role of demand and supply factors

Eriksson, Stefan; Stadin, Karolina - 2011

This paper studies the determinants of hiring. We use the search-matching model with imperfect competition in the product market from Carlsson, Eriksson and Gottfries (2011) to derive an equation for total hiring in a local labor market, and estimate it on Swedish panel data. When product...

Persistent link: https://www.econbiz.de/10010321414

Economic Integration, Imperfect Competition, and International Policy Coordination

Holmlund, Bertil; Kolm, Ann-Sofie - 1999

as a reduction in trade costs. We explore how market integration influences policy spillovers, employment and real wages …

Persistent link: https://www.econbiz.de/10010321760

Welfare costs of business cycles when markets are incomplete

Krebs, Tom - 2004

This paper analyzes the welfare costs of business cycles when workers face uninsurable idiosyncratic labor income risk. In accordance with the previous literature, this paper decomposes labor income risk into an aggregate and an idiosyncratic component, but in contrast to the previous...

Persistent link: https://www.econbiz.de/10010318998

Wages, Prices, and Living Standards in China, 1738-1925: in Comparison with Europe, Japan and India

Allen, Robert C.; Bassino, Jean-Pascal; Ma, Debin; … - London School of Economics and Political Science - 2009

This paper develops data on the history of wages and prices in Beijing, Canton, Suzhou/Shanghai in China from the … eighteenth century to the twentieth and compare them with leading cities in Europe, Japan and India in terms of nominal wages … Europe. Real wages declined in China in the eighteenth and early nineteenth centuries and rose slowly in the late nineteenth …

Persistent link: https://www.econbiz.de/10005870478

The relation between competition and innovation: Why is it such a mess?

Schmutzler, Armin - 2010

Using a general two-stage framework, this paper gives sufficient conditions for increasing competition to have negative or positive effects on R&D-investment, respectively. Both possibilities arise in plausible situations, even if one uses relatively narrow definitions of increasing competition....

Persistent link: https://www.econbiz.de/10010315513

Strategic outsourcing revisited

Buehler, Stefan; Haucap, Justus - 2003

This paper analyzes a sequential game where firms decide about outsourcing the production of a non-specific input good to an imperfectly competitive input market. We apply the taxonomy of business strategies introduced by Fudenberg and Tirole (1984) to characterize the different equilibria. We...

Persistent link: https://www.econbiz.de/10010315541

On the role of access charges under network competition

Buehler, Stefan; Schmutzler, Armin - 2005

We aim to clarify the role of access charges under two-way network competition, employing a reduced-form approach. Retaining the key features of specific network competition models but imposing less structure, we analyze the impact of changes in access charges on linear and non-linear retail...

Persistent link: https://www.econbiz.de/10010315579

Attention competition

Hefti, Andreas M. - 2011

price competition among all perceived firms. On the other hand attracting attention involves costs which must be covered by …

Persistent link: https://www.econbiz.de/10010316856