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Distribution and Growth in an Economy with Limited Needs
Saint-Paul, Gilles - 2001
increases utility. It is assumed that each variety is owned by a monopoly. Workers can specialize in material goods production … bliss point can only be made better-off by an increase in diversity. If wages are set by monopoly unions rather than set …
Persistent link: https://www.econbiz.de/10010262477
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Common Ownership of Competing Firms: Evidence from Australia
Leigh, Andrew; Triggs, Adam - 2021
We provide the first estimates of the extent of common ownership of competing firms in Australia. Combining data on market shares and substantial shareholdings, we calculate the impact of common ownership on effective market concentration. Among firms where we can identify at least one owner, 31...
Persistent link: https://www.econbiz.de/10012597433
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Distribution and Growth in an Economy with Limited Needs
Saint-Paul, Gilles - Institute for the Study of Labor (IZA) - 2001
increases utility. It is assumed that each variety is owned by a monopoly. Workers can specialize in material goods production … bliss point can only be made better-off by an increase in diversity. If wages are set by monopoly unions rather than set …
Persistent link: https://www.econbiz.de/10005762377
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Inequality and Market Concentration, When Shareholding Is More Skewed Than Consumption
Gans, Joshua S.; Leigh, Andrew; Schmalz, Martin; … - 2018
Economic theory suggests that monopoly prices hurt consumers but benefit shareholders. But in a world where individuals …
Persistent link: https://www.econbiz.de/10011984594
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Dealer Pricing of Consumer Credit
Bertola, Giuseppe; Hochguertel, Stefan; Koeniger, Winfried - Institute for the Study of Labor (IZA) - 2002
Interest rates on consumer lending are lower when funds are tied to purchase of a durable good than when they are made available on an unconditional basis. Further, dealers often choose to bear the financial cost of their customers’ credit purchases. This paper interprets this phenomenon in...
Persistent link: https://www.econbiz.de/10005822225
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A Product Market Theory of Worker Training
Gersbach, Hans; Schutzler, Armin - 2001
We develop a product market theory that explains why firms invest in general training of their workers. We consider a model where firms first decide whether to invest in general human capital, then make wage offers for each others? trained employees and finally engage in imperfect product market...
Persistent link: https://www.econbiz.de/10010262533
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Dealer Pricing of Consumer Credit
Bertola, Giuseppe; Hochguertel, Stefan; Koeniger, Winfried - 2002
Interest rates on consumer lending are lower when funds are tied to purchase of a durable good than when they are made available on an unconditional basis. Further, dealers often choose to bear the financial cost of their customers? credit purchases. This paper interprets this phenomenon in...
Persistent link: https://www.econbiz.de/10010262807
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Distributional Effects of Competition: A Simulation Approach
Rodriguez Castelan, 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/10012497944
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A Product Market Theory of Training and Turnover in Firms
Gersbach, Hans; Schmutzler, Armin - Institute for the Study of Labor (IZA) - 2001
We develop a product market theory that identifies determinants of worker turnover and explains why firms invest in general training of their workers. We consider a model where firms first decide whether to invest in general human capital, then make wage offers for each others trained employees...
Persistent link: https://www.econbiz.de/10005703400
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Output-Employment Relationship across Sectors: A Long- versus Short-Run Perspective
Sahin, Afsin; Tansel, Aysit; Berument, Hakan - Institute for the Study of Labor (IZA) - 2013
This paper investigates the nature of the output-employment relationship by using the Turkish quarterly data for the … period 1988-2008. Even if we fail to find a long-run relationship between aggregate output and total employment, there are … long-run relationships for the aggregate output with non-agricultural employment and sectoral employment levels for seven …
Persistent link: https://www.econbiz.de/10010884236