Human Capital Externalities with Monopsonistic Competition

This paper provides a novel microeconomic foundation for pecuniary human capital externalities in a labor market model of monopsonistic competition. Multiple equilibria arise because of a strategic complementarity in investment decisions.

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Year of publication:	2008-09
Authors:	Kaas, Leo
Institutions:	Institute for the Study of Labor (IZA)
Subject:	externalities \| human capital \| multiple equilibria

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Extent:	application/pdf
Series:	IZA Discussion Papers.
Type of publication:	Book / Working Paper
Language:	English
Notes:	Number 3729 11 pages
Classification:	D43 - Oligopoly and Other Forms of Market Imperfection ; J24 - Human Capital; Skills; Occupational Choice; Labor Productivity
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005233728