Showing 1 - 10 of 108
This article studies the use of different distribution channels as an instrument of price discrimination in credence …
Persistent link: https://www.econbiz.de/10010294597
In this paper we analyse the effects of financialisation on income distribution, before and after the Great Financial … Crisis and the Great Recession. The focus is on functional income distribution and thus on the relationship between … financialisation and the wage share or the gross profit share. The analysis is based on a Kaleckian theory of income distribution …
Persistent link: https://www.econbiz.de/10011625909
financialisation-distribution nexus is examined for the three countries. Third, macroeconomic demand and growth regimes are analysed …
Persistent link: https://www.econbiz.de/10011847074
functional income distribution in an environment of financialization. Following this approach, we expect financialization to … evidence for all three re-distributional channels contributing to the changes in functional income distribution. The …
Persistent link: https://www.econbiz.de/10014502569
Economic globalization causes an increasing international fragmentation (disintegration) of value-added-chains, whereby firms outsource components of production to foreign markets. There is a high level of concern about unwelcome distributional effects. This paper provides a theoretical...
Persistent link: https://www.econbiz.de/10010294506
I develop a generalized factor price frontier which incorporates endogenous adjustment of international fragmentation in multistage production, allowing for a continuum of stages. This allows us to address fragmentation, not only as an exogenous event, but also as an integral part of endogenous...
Persistent link: https://www.econbiz.de/10010294622
This paper analyses the long-run effects of financialisation and of the recent financial and economic crises for 15 countries. In order to provide a theoretical framework, we first outline three types of regimes under the conditions of financialisation, namely a debtled private demand boom, an...
Persistent link: https://www.econbiz.de/10011310221
Persistent link: https://www.econbiz.de/10011417928
In an analysis of the formation of unions within a single firm, this paper addresses conditions under which encompassing unions form. It is shown that a production function satisfying decreasing marginal productivity leads to the formation of encompassing unions. This result holds for different...
Persistent link: https://www.econbiz.de/10010321711
functional-personal income distribution nexus. We analyse the labour share under the prism of monopoly and frictional growth, and … disclose the dramatic upward trend in inequality. On this basis, we estimate a two-equation model for the income distribution … noughties. In the Great Recession years of tense socioeconomic conditions, looking at income distribution through the lens of …
Persistent link: https://www.econbiz.de/10010368155