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We examine the determinants of overeducation in Switzerland - an economy generally characterised by excess qualified … studies. Our analyses show that overeducation in Switzerland cannot be explained by rigidities limiting the adjustments of …
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We investigate how firms' market power affects the price level. In our small macro-model we show, that firms - in addition to hypothesised structural mark-up pricing power - may take advantage of favourable business cycle fluctuations. The paper provides empirical evidence for both these...
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