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Comments on the 2023 draft merger guidelines : a labor market perspective
Berger, David; Hasenzagl, Thomas; Herkenhoff, Kyle; … - 2023
The DOJ and FTC clarify the role of labor market power ("monopsony") in the 2023 draft merger guidelines. The draft … that a stricter threshold may be warranted in labor markets. The post-merger Herfindahl-Hirschman Index (HHI) that defines …) Explicitly addressing monopsony in the draft guidelines is grounded in economic theory and empirical research. (2) Workers …
Persistent link: https://www.econbiz.de/10014335050
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Playing "hard to get" : an economic rationale for crowding out of intrinsically motivated behavior
Schnedler, Wendelin; Vanberg, Christoph - 2014
engaging in the activity causes others to offer larger rewards. Our theory yields the testable prediction that such effects are …
Persistent link: https://www.econbiz.de/10010345273
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Inequality and market concentration, when shareholding is more skewed than consumption
Gans, Joshua; Leigh, Andrew; Schmalz, Martin C.; … - 2018
Economic theory suggests that monopoly prices hurt consumers but benefit shareholders. But in a world where individuals …
Persistent link: https://www.econbiz.de/10011958679
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Economic growth with political lobbying and wage bargaining
Palokangas, Tapio K. - 2009
This paper examines an economy with a large number of industries, each producing a different good. Technological change follows a Poisson process where firms improve their productivity through investment in R&D. The less there are firms in the economy or the more they can coordinate their...
Persistent link: https://www.econbiz.de/10003830196
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Integration, labor market regulation, lobbying, and technological change
Palokangas, Tapio K. - 2009
This paper examines an economic union where oligopolistic firms produce by skilled and unskilled labor and do in-house R&D by skilled labor. The planner of the union accepts new members to the union, regulates the labor market through a minimum wage for unskilled labor and supports firms by...
Persistent link: https://www.econbiz.de/10003830286
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Can insider power affect employment?
Díaz-Vázquez, Pilar; Snower, Dennis J. - 2002
Do firms reduce employment when their insiders (established, incumbent employees) claim higher wages? The conventional answer in the theoretical literature is that insider power has no influence on employment, provided that the newly hired employees (entrants) receive their reservation wages....
Persistent link: https://www.econbiz.de/10011411604
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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
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Economic integration, market power and technological change
Palokangas, Tapio K. (contributor) - 2005
We examine a common market which expands by integrating new regions. Capitalists are strategically interdependent through the goods market and they improve their productivity through R&D. Production and R&D employ unionized workers. The purpose of integration is to maximize a weighed average of...
Persistent link: https://www.econbiz.de/10002804842
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Substitutability and competition in the Dixit-Stiglitz Model
Koeniger, Winfried (contributor); Licandro, Omar (contributor) - 2004 - [Elektronische Ressource]
Persistent link: https://www.econbiz.de/10001906809
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The fall of the labor share and the rise of superstar firms
Autor, David H.; Dorn, David; Katz, Lawrence F.; … - 2017
The fall of labor's share of GDP in the United States and many other countries in recent decades is well documented but its causes remain uncertain. Existing empirical assessments of trends in labor's share typically have relied on industry or macro data, obscuring heterogeneity among firms. In...
Persistent link: https://www.econbiz.de/10011647664