intuition is that, where workers have heterogeneous preferences or face mobility costs, firms can offer lower wages without …

labour markets. We develop a model of dynamic efficiency wages and monopolistic competition. Whereas most of the literature …

, where wages are determined according to an efficiency wage mechanism. We show that an increase in product market competition … shifts upward. An adverse effect on workers’ incentive is at work which pushes real wages up to the point that increased …

market for the medical product. Various scenarios, such as monopoly pricing, price negotiation or horizontal differentiation … price, which is then set so that the producer's revenue just covers fixed costs. Consequently, a suitable regulation of the … necessary. Interestingly the optimal policy closely resembles a reference price mechanism in which copayment rates are low …

This paper provides a single welfare measure to show the effects of consumer price changes upon households in Ireland … component using the Atkinson Social Welfare Function. The efficiency component includes the behavioural response to price … of households in response to price changes in most years. …

We estimate the impact of workforce diversity on productivity, wages and productivity-wage gaps (i.e. profits) using … econometric issues, show that educational (age) diversity is beneficial (harmful) for firm productivity and wages. The …