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show that they increase with firm's output and market size. We find that wage rises with firm's productivity, but fall with …
Persistent link: https://www.econbiz.de/10012221390
knowledge sector is bounded, as productivity increases, the economy moves from a "Solovian zone" where wages increase with … productivity, to a "Marxian" zone where the paradoxically decline with productivity. This is because as consumption of a given good … more unevenly distributed then productivity, technical progress always increases inequality. Redistribution from profits to …
Persistent link: https://www.econbiz.de/10011401020
This paper examines the effect of wealth concentration on firms' market power when firm entry is driven by entrepreneurs facing uninsurable idiosyncratic risks. Under greater wealth concentration, households in the lower end of the wealth distribution are more risk averse and less willing (or...
Persistent link: https://www.econbiz.de/10012670916
Are excessively concentrated markets inequitable as well as inefficient? We explore this issue by analyzing the degree of market concentration in the industries where Australia's wealthiest made their fortunes. Compared with the economy at large, we find that top wealth holders have tended to...
Persistent link: https://www.econbiz.de/10014470410
Are excessively concentrated markets inequitable as well as inefficient? We explore this issue by analyzing the degree of market concentration in the industries where Australia's wealthiest made their fortunes. Compared with the economy at large, we find that top wealth holders have tended to...
Persistent link: https://www.econbiz.de/10014484556
Persistent link: https://www.econbiz.de/10014529931
show that they increase with firm's output and market size. We find that wage rises with firm's productivity, but fall with …
Persistent link: https://www.econbiz.de/10012833100
knowledge sector is bounded, as productivity increases, the economy moves from a Solovian zone where wages increase with … productivity, to a Marxian zone where they paradoxically decline with productivity. This is because as consumption of a given good … more unevenly distributed than productivity, technical progress always increases inequality. Redistribution from profits to …
Persistent link: https://www.econbiz.de/10011398011
Persistent link: https://www.econbiz.de/10014283871
knowledge sector is bounded, as productivity increases, the economy moves from a ?Solovian zone? where wages increase with … productivity, to a ?Marxian? zone where the paradoxically decline with productivity. This is because as consumption of a given good … more unevenly distributed then productivity, technical progress always increases inequality. Redistribution from profits to …
Persistent link: https://www.econbiz.de/10010262477