We address the question of how lending market competition, measured by the bargaining power of banks, affects the … agency costs of debt finance. It is shown that intensified lending market competition will lead to lower lending rates and … lending market competition will reduce the agency cost of debt financing. Hence, our analysis does not lend support to the …

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 …

of the trade union. Intensified product market competition decreases profit sharing, but increases the negotiated base … higher wage elasticity of labor demand. Finally, we show that intensified product market competition does not necessarily …

equilibrium unemployment. The relationship between the long-run unemployment and the intensity of product market competition is …

of the trade union. Intensified product market competition decreases profit sharing, but increases the negotiated base … higher wage elasticity of labor demand. Finally, we show that intensified product market competition does not necessarily …

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 …

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 …

We address how lending market competition, measured by banks’ bargaining power, affects the agency costs of debt … financier. Moreover, intensified lending market competition leads to lower lending rates and to investment return distributions … with lower and less risky returns. Hence increased lending market competition reduces the agency cost of debt financing …

The study looks at the implications of product market competition and investment for price setting, wage bargaining and … product market competition will reduce equilibrium unemployment, whereas the effect of increased capital intensity is more …

The study looks at the implications of product market competition and investment for price setting, wage bargaining and … product market competition will reduce equilibrium unemployment, whereas the effect of increased capital intensity is more …