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Previous research shows that firms shroud high add-on prices in competitive markets with naive consumers leading to inefficiency. We analyze the effects of regulatory intervention via educating naive consumers on equilibrium prices and welfare. Our model allows firms to shroud, unshroud, or...
Persistent link: https://www.econbiz.de/10010282162
We examine the macroeconomic consequences of industry wage bargaining and product market reforms. We suggest that general equilibrium effects may be important for the evaluation of industry-specific regulations. In particular, we suggest that the European unemployment problem can be traced back...
Persistent link: https://www.econbiz.de/10005703748
In EU countries, opening up of telecommunications markets and regulations have helped to reduce the price of digital … services which is an important quasi-input factor in all firms. Integrating the use of telecommunications in a macroeconomic … production function is the analytical starting point for our interdependent analysis of output, use of telecommunications and …
Persistent link: https://www.econbiz.de/10005233868
Previous research shows that firms shroud high add-on prices in competitive markets with naive consumers leading to inefficiency. We analyze the effects of regulatory intervention via educating naive consumers on equilibrium prices and welfare. Our model allows firms to shroud, unshroud, or...
Persistent link: https://www.econbiz.de/10009359868
This paper provides a systematic empirical investigation of the effect of product market liberalization on employment when there are interactions between policies and institutions in product and labor markets. Using panel data for OECD countries over the period 1980-2002, we present evidence...
Persistent link: https://www.econbiz.de/10005762118
: competition, business environment, learning spillovers and human capital. Collectively, these drivers account for about a third of …
Persistent link: https://www.econbiz.de/10011653452
management on firm performance; (ii) a positive relationship between product market competition and average management quality … (part of which stems from the larger covariance between management with firm size as competition strengthens); and (iii) a …
Persistent link: https://www.econbiz.de/10011494359
both increased competition and the enactment of equal treatment laws reduce the gender wage gap. …
Persistent link: https://www.econbiz.de/10010261556
The Slovenian transition represents a slow but steady liberalization of constraints on competition. Using a unique … as surviving firms, prove to be the major source of TFP gains. Market competition from new entrants, foreign-owned firms …, and international trade also raise firm efficiency in the industry. Results strongly confirm that market competition …
Persistent link: https://www.econbiz.de/10010261614
Gavosto, Venturini, Villosio (1999) find that the impact of foreign workers on the wage of natives was positive. Such a result was partly to be expected, and therefore the effect of immigrants on native employment is analyzed here. Two aspects of the unemployment experience are taken into...
Persistent link: https://www.econbiz.de/10010262784