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A product market theory of worker training

Gersbach, Hans; Schmutzler, Armin - 2004 - revised: February 2004

We develop a product market theory that explains why firms invest in general training of their workers. We consider a …

Persistent link: https://www.econbiz.de/10011402873

De Pinto, Marco; Goerke, Laszlo - 2019

In a Cournot-oligopoly with free but costly entry and business stealing, output per firm is too low and the number of … can raise the productivity of its workforce by paying higher wages. We show that such efficiency wages accentuate the … distortions occurring in oligopoly. Specifically, excessive entry is aggravated and the welfare loss due to market power rises. …

Persistent link: https://www.econbiz.de/10012015904

National champion versus foreign takeover

Südekum, Jens (contributor) - 2007

We analyze an oligopolistic market where a domestic and a foreign firm are engaged in a takeover battle for a domestic competitor. Any merger or acquisition (M&A) must be approved by a welfare maximizing domestic competition agency which may or may not be prone to "economic patriotism". A...

Persistent link: https://www.econbiz.de/10003597575

Holdup in oligopsonistic labour markets : a new role for the minimum wage

Kaas, Leo (contributor); Madden, Paul (contributor) - 2006

We consider a labour market model of oligopsonistic wage competition and show that there is a holdup problem although workers do not have any bargaining power. When a firm invests more, it pays a higher wage in order to attract workers from competitors. Because workers participate in the returns...

Persistent link: https://www.econbiz.de/10003301661

Wage determination and imperfect competition

Booth, Alison L. - 2014

A striking feature of the past few decades has been the development of wage-determination models that assume that labour markets are imperfectly competitive. This paper discusses two such models (trade unions and oligopsony), although there are many more. It also asks if imperfectly competitive...

Persistent link: https://www.econbiz.de/10010257588

Oligopsony, institutions and the efficiency of general training

Booth, Alison L.; Francesconi, Marco; Gylfi Zoega - 2002

In oligopsonistic labour markets, firms have some market power, and a wedge is created between wages and marginal product. When oligopsonistic firms' production technology requires generally trained workers, firms may therefore receive part of the returns to general training and be willing to...

Persistent link: https://www.econbiz.de/10011414246

Oligopoly and outsourcing

Bandyopadhyay, Subhayu (contributor); … - 2005

sectors. -- outsourcing ; oligopoly ; minimum wage …

Persistent link: https://www.econbiz.de/10003227215

An evaluation of the employment effects of barriers to outsourcing

Bandyopadhyay, Subhayu; Marjit, Sugata; Yang, Lei - 2011

Barriers to outsourcing that are being currently implemented in the US effectively tax its companies who "export" jobs through outsourcing. The objective is to raise domestic employment. Given that many of the important international markets where the US has a comparative advantage feature...

Persistent link: https://www.econbiz.de/10009124754

Labor market power and development

Armangué-Jubert, Tristany; Guner, Nezih; Ruggieri, … - 2023

Imperfect competition in labor markets can lead to efficiency losses and lower aggregate output. In this paper, we …

Persistent link: https://www.econbiz.de/10014394242

Job search with bidder memories

Carrillo-Tudela, Carlos; Menzio, Guido; Smith, Eric - 2009

This paper revisits the no-recall assumption in job search models with take-it-or-leave-it offers. Workers who can recall previously encountered potential employers in order to engage them in Bertrand bidding have a distinct advantage over workers without such attachments. Firms account for this...

Persistent link: https://www.econbiz.de/10003879353

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