Showing 1 - 10 of 83
market economies. The primary focus of the study is on competition and market structure, finance and the structure of lending … interpretation of the evidence on competition is that there is an initial move by firms into niches to exploit local market power …
Persistent link: https://www.econbiz.de/10005822674
threat of low-wage competition from Central and Eastern European Countries is relatively high. In addition, firms paying …
Persistent link: https://www.econbiz.de/10011279321
We contribute to the growing literature which aims to link product market regulation and competition to labor market … effect of product market competition on unemployment rates, being substantial under collective bargaining and considerably … find that the bargaining regime which emerges endogenously depends crucially on the degree of product market competition …
Persistent link: https://www.econbiz.de/10005247700
This paper shows that increasing product market competition can have a direct impact on the employment relationship and … on wage inequality. I develop a simple model in which an increase in product market competition increases returns to … skill through the effect of competition on the sensitivity of profits to cost reductions. I then show empirically that …
Persistent link: https://www.econbiz.de/10005703643
This paper asks how deregulation intended to promote competition in the commercial banking industry affected the …
Persistent link: https://www.econbiz.de/10005822058
We develop a theoretical and empirical analysis of the impact of barriers to entry on workplace training. Our theoretical model yields ambiguous predictions on the sign of this relationship. On the one hand, given the number of firms, a deregulation reduces profits per unit of output, and...
Persistent link: https://www.econbiz.de/10005822410
matching frictions, monopolistic competition in the goods market, multi-worker firms, individual wage bargaining and barriers … to entry. We identify two main channels by which product market competition affects unemployment: the output expansion … externality a la Stole and Zwiebel (1996). Quantitatively, increasing our measure of competition has a surprisingly moderate …
Persistent link: https://www.econbiz.de/10005822585
This paper studies the effect of changes in foreign competition on the incentives faced by U.S. managers in the form of … wage structures, promotion profiles, and job turnover. We use a panel of executives and measure foreign competition as … globalization on the labor market outcomes of these workers. We find that higher foreign competition leads to more incentive …
Persistent link: https://www.econbiz.de/10005763446
theoretical contribution is combining a job matching model with monopolistic competition in the goods market and individual wage … bargaining. Product market competition affects unemployment by two channels: the output expansion effect and a countervailing … effect due to a hiring externality. Competition is then linked to barriers to entry. We calibrate the model to US data and …
Persistent link: https://www.econbiz.de/10005763797
Recent human capital theories predict that labor market frictions and product market competition influence firm …, product market competition does not have an effect on firm-sponsored training. We conclude that increasing competition through …
Persistent link: https://www.econbiz.de/10008530645