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We develop a product market theory that identifies determinants of worker turnover and explains why firms invest in …
Persistent link: https://www.econbiz.de/10005703400
We consider a three-stage game to examine how market integration affects firms’ incentives to provide general worker training. In stage 1, firms invest in productivity-enhancing training. In stage 2, they can make wage offers for each others’ workers. Finally, Cournot competition takes...
Persistent link: https://www.econbiz.de/10005566526