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This paper unveils a novel externality of product market regulation in the labor market. It shows theoretically and empirically that higher barriers to entry in product markets translate into higher labor market power, measured by the wage markdown-the ratio between the marginal product of labor...
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gelingt es dem Autor, vermachtete Faktormärkte in die Theorie des Außenhandels zu integrieren, die klassischen Handelstheoreme … Außenhandelstheoretiker, Arbeitsmarkt- und Industrieökonomen Praktiker in Wirtschaftsinstituten, bei Verbänden und in der Regulierung Der …
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