competition between agents but also by the possibility to punish the principal via sabotage. …

In this paper we study how promoting product market competition by reducing mark-ups or by increasing productivity are …

one producer. I show that the economy organizes itself in a succession of clusters of ability levels, called ??knowledge … considered here rests on the view that IT makes the acquisition of knowledge cheaper, which intensifies competition among workers … specialized in knowledge production. Those who lose in such competition end up displaced to occupations with a lower knowledge …

(2000) testing for endogenous competition among job seekers in a matching frame-work, is replicated with a richer and more … is augmented by endogenous strategic hiring behavior on the side of vacancyposting firms. Neglecting job competition, the …

employees and finally engage in imperfect product market competition. Equilibria with and without training, and multiple … equilibria can emerge. If competition is sufficiently soft and trained workers are substitutes, firms may invest in non …

It is commonly argued that labor market institutions such as employment protection worsen an economy?s performance and … competition. For reasonable parameter values product market deregulation fosters growth substantially more in the flexible than in … the constrained economy. …