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Bank Mergers, Interest Rates and the Fragility of Loan Markets

Koskela, Erkki; Stenbacka, Rune - Valtion taloudellinen tutkimuskeskus (VATT), Government … - 1996

We model the interaction between the concentration of the banking sector and the investment strategies of imperfectly competitive firms in the product market to address the question of whether competition makes loan markets more fragile. It is shown how a merger between two duopoly banks would...

Persistent link: https://www.econbiz.de/10005545893

Equilibrium Unemployment Under Negotiated Profit Sharing

Koskela, Erkki; Stenbacka, Rune - 2003

bargaining power of the trade union and it has effort-enhancing and wage-moderating effects. We show that higher profit sharing … high benefit-replacement ratios and relative bargaining powers of trade unions. Conversely, profit sharing seems to be …

Persistent link: https://www.econbiz.de/10010261570

Equilibrium Unemployment Under Negotiated Profit Sharing

Koskela, Erkki; Stenbacka, Rune - Institute for the Study of Labor (IZA) - 2003

Persistent link: https://www.econbiz.de/10005761941

Equilibrium unemployment and credit market imperfections : the critical role of labour mobility

Koskela, Erkki; Stenbacka, Rune - 2002

bargaining power of banks will have adverse employment effects. However, with a labour force mobile across industries this … schemes as long as the labour market imperfections measured by the relative bargaining power of the trade unions - are …

Persistent link: https://www.econbiz.de/10011408975

Capital structure, wage bargaining and employment

Koskela, Erkki; Stenbacka, Rune - 2000

capital structure when firms face stochastic revenue shocks. We apply a generalized Nash bargaining solution, which extends … the wage bargaining literature by incorporating efficiency wage considerations, profit-sharing and capital structure. The …

Persistent link: https://www.econbiz.de/10009781550

Compensation and bargaining with entrpreneurship as the outside option

Koskela, Erkki; Stenbacka, Rune - 2000

agent with bargaining power. In the first stage the parties bargain over the base wage and the profit share. In the second … invariant both to the imperfections prevailing in the equity market and to the relative bargaining power of the negotiating …

Persistent link: https://www.econbiz.de/10009781591

Equilibrium unemployment with credit and labour market imperfections

Koskela, Erkki; Stenbacka, Rune - 2001

credit market loan contracts are negotiated between financiers and firms, both possessing bargaining power, while the firms …

Persistent link: https://www.econbiz.de/10011397984

Equilibrium unemployment with capital investments under labour market imperfections

Koskela, Erkki; Stenbacka, Rune; Juselius, Mikael - In: Finnish economic papers 26 (2013) 2, pp. 72-94

Persistent link: https://www.econbiz.de/10012175930

Optimal factor taxation under wage bargaining : a dynamic perspective

Koskela, Erkki; Thadden, Leopold von - 2003

ii) labour markets are subject to a static inefficiency resulting from wage bargaining. If considered in isolation, under …

Persistent link: https://www.econbiz.de/10001733346

Equilibrium unemployment and credit market imperfections : the critical role of labour mobility

Koskela, Erkki; Stenbacka, Rune - 2002

increased bargaining power of banks will have adverse employment effects. However, with a labour force mobile across industries … schemes as long as the labour market imperfections - measured by the relative bargaining power of the trade unions - are …

Persistent link: https://www.econbiz.de/10001650484