Similar Search Results

Endogenous Growth Fluctuations in Unionised Economy with Productive Externalities

Coimbra, Rui; Lloyd-Braga, Teresa; Modesto, Leonor - C.E.P.R. Discussion Papers - 2002

We discuss the effects of unions in the labour market on steady-state multiplicity and welfare, and on the occurrence …-Douglas technology, unions increase steady state employment and welfare, and local indeterminacy (sunspots) emerges. Our results show … that the role of unions in shaping local dynamics depends on technology (externalities and factor's substitutability …

Persistent link: https://www.econbiz.de/10005656164

Indeterminacy in a Finance Constrained Unionized Economy

Lloyd-Braga, Teresa; Modesto, Leonor - C.E.P.R. Discussion Papers - 2004

We introduce labour market imperfections (i.e. unions and the existence of a wage floor) in a finance … decreases with union power. We also find that unions increase simultaneously steady-state employment, capital accumulation and …

Persistent link: https://www.econbiz.de/10005504720

Labor Market Tightness and Union Activity

Pezold, Chantal; Jäger, Simon; Nüß, Patrick - National Bureau of Economic Research - 2023

We study how labor market conditions affect unionization decisions. Tight labor markets might spur unionization, e.g., by reducing the threat of unemployment after management opposition or employer retaliation in response to a unionization attempt. Tightness might also weaken unionization by...

Persistent link: https://www.econbiz.de/10014447309

Chapter 5 The Economic Theory of Gift-Giving: Perfect Substitutability of Transfers and Redistribution of Wealth

Mercier Ythier, Jean - In: Handbook of the economics of giving, altruism and …, (pp. 227-369). 2006

This chapter reviews the theory of the voluntary public and private redistribution of wealth elaborated by economic analysis in the last forty years or so. The central object of the theory is altruistic gift-giving, construed as benevolent voluntary redistribution of income or wealth. The theory...

Persistent link: https://www.econbiz.de/10014023678

Chapter 3. Property Rights, Public Goods and the Environment

Starrett, David A. - In: Handbook of environmental economics : volume 1, …, (pp. 97-125). 2003

We delineate the various ways in which rights to environmental and other resources can be assigned to individuals or groups. We then examine models of individual and group interactions, drawing out their implications for the ways in which resources will be utilized and managed under various...

Persistent link: https://www.econbiz.de/10014023942

Unions and investment in intangible capital : when workers and firms cannot commit to long-term contracts and capital investments are sunk, union power can reduce investment

Sulis, Giovanni - 2015

extensive, especially in non-Anglo-Saxon countries. Strong unions may influence firms' incentives to invest in capital …, particularly in sectors where capital investments are sunk (irreversible), as in research-intensive sectors. Whether unions affect … firms' investment in capital depends on the structure and coordination of bargaining, the preference of unions between wages …

Persistent link: https://www.econbiz.de/10011433667

Do structural policies affect macroeconomic stability?

Ziemann, Volker - 2013

Using a panel of OECD countries, this study assesses the linkages between structural policies and macroeconomic stability. Business cycle and time-series characteristics of GDP and its components are employed to define various measures for economic instability and for the persistence of adverse...

Persistent link: https://www.econbiz.de/10009769653

Endogenous growth and wave-like business fluctuations

Bambi, Mauro; Gozzi, Fausto; Licandro, Omar - In: Journal of Economic Theory 154 (2014) C, pp. 68-111

This paper argues that observed long lags in innovation implementation rationalize Schumpeter's statement that “wave-like fluctuations in business ... are the form economic development takes in the era of capitalism.” Adding implementation delays to an otherwise standard endogenous growth...

Persistent link: https://www.econbiz.de/10011076666

Multiplicity and stagnation under the Romer model with increasing returns of R&D

Kuwahara, Shiro - In: Economic modelling 79 (2019), pp. 86-97

Persistent link: https://www.econbiz.de/10012199068

Robustness of Multiple Equilibria in OLG Economies

Cazzavillan, Guido; Pintus, Patrick A. - In: Review of Economic Dynamics 7 (2004) 2, pp. 456-475

This paper extends the standard Diamond's two-period OLG model of capital accumulation by introducing labor-leisure choice into the first-period of agents' life. Under the assumption of gross substitutability, we show that multiple intertemporal equilibria require both highly complementary...

Persistent link: https://www.econbiz.de/10005085588

1
2
3
4
5
6
7
8
9
10
Next
Last