Narrow search
Showing 1 - 10 of 2,529
Cover Image
Competition and innovation : the breakup of IG Farben
Poege, Felix - 2022
The relationship between competition and innovation is difficult to disentangle, as exogenous variation in market structure is rare. The 1952 breakup of Germany's leading chemical company, IG Farben, represents such a disruption. After the Second World War, the Allies occupying Germany imposed...
Persistent link: https://www.econbiz.de/10013358717
Cover Image
Wages, hires, and labor market concentration
Marinescu, Ioana; Ouss, Ivan; Pape, Louis-Daniel - 2020
.9%, as hypothesized by monopsony theory. Based on a simple merger simulation, we find that a merger between the top two …
Persistent link: https://www.econbiz.de/10012213951
Cover Image
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
Cover Image
Stages of diversification in a neoclassical world
Batista, Catia; Potin, Jacques - 2013
can neoclassical trade theory take us in explaining this pattern? We estimate the production side of the Heckscher …
Persistent link: https://www.econbiz.de/10010221543
Cover Image
Macroeconomic effects of ownership structure in OECD countries
Gatti, Donatella (contributor) - 2008
The paper investigates the impact of ownership concentration on GDP growth, for a sample of 18 OECD countries over the period 1980 to 2004. The econometric analysis shows that more concentrated ownership can speed up growth, for countries approaching the technological frontier, provided that...
Persistent link: https://www.econbiz.de/10003666480
Cover Image
Distributional effects of competition: a simulation approach
Rodríguez-Castelán, Carlos; Araar, Abdelkrim; … - 2021
Understanding the economic and social effects of the recent global trends of rising market concentration and market power has become a policy priority. To fill this knowledge gap, this paper introduces a simple simulation method, the Welfare and Competition tool (WELCOM), to estimate with...
Persistent link: https://www.econbiz.de/10012418634
Cover Image
Monopsony power and guest worker programs
Gibbons, Eric M.; Greenman, Allie; Norlander, Peter; … - 2019
markets, based on federal merger scrutiny guidelines, and that concentration generally decreases wages. For example, moving …
Persistent link: https://www.econbiz.de/10011974378
Cover Image
The dynamics of power in labor markets : monopolistic unions versus monopsonistic employers
Samuel Dodini, Samuel; Salvanes, Kjell G.; Willén, … - 2022
This paper brings together the modern research on employer power and employee power by empirically examining the effects of unionization on worker earnings, employment, and inequality across differently concentrated markets. Exploiting national tax reforms to union membership dues as exogenous...
Persistent link: https://www.econbiz.de/10013415467
Cover Image
Warrant economics, call-put policy options and the fallacies of economic theory
Hatgioannides, John; Karanassou, Marika - 2011
In this paper we aim to trace the roots of the ongoing economic mayhem and to unmask the chorus of the tragedy which plays on the world stage. The main thesis of our work is that, despite the triumphant rhetoric praising the merits of perfect competition, the global fields of the dysfunctional...
Persistent link: https://www.econbiz.de/10009524338
Cover Image
Labour market concentration, wages and job security in Europe
Bassanini, Andrea; Bovini, Giulia; Caroli, Eve; … - 2022
We investigate the impact of labour market concentration on two dimensions of job quality, namely wages and job security. We leverage rich administrative linked employer-employee data from Denmark, France, Germany, Italy, Portugal and Spain in the 2010s to provide the first comparable...
Persistent link: https://www.econbiz.de/10013186729