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The "Matthew Effect" and Market Concentration : Search Complementarities and Monopsony Power
Fernández-Villaverde, Jesús; Mandelman, Federico S.; … - National Bureau of Economic Research - 2021
This paper develops a dynamic general equilibrium model with heterogeneous firms that face search complementarities in the formation of vendor contracts. Search complementarities amplify small differences in productivity among firms. Market concentration fosters monopsony power in the labor...
Persistent link: https://www.econbiz.de/10012482710
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The "Matthew effect" and market concentration : search complementarities and monopsony power
Fernández-Villaverde, Jesús; Mandelman, Federico S.; … - 2021
This paper develops a dynamic general equilibrium model with heterogeneous firms that face search complementarities in the formation of vendor contracts. Search complementarities amplify small differences in productivity among firms. Market concentration fosters monopsony power in the labor...
Persistent link: https://www.econbiz.de/10012433938
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The "Matthew effect" and market concentration : search complementarities and monopsony power
Fernández-Villaverde, Jesús; Mandelman, Federico S.; … - 2021
Persistent link: https://www.econbiz.de/10012436752
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The "Matthew effect" and market concentration : search complementarities and monopsony power
Fernández-Villaverde, Jesús; Mandelman, Federico S.; … - 2021
This paper develops a dynamic general equilibrium model with heterogeneous firms that face search complementarities in the formation of vendor contracts. Search complementarities amplify small differences in productivity among firms. Market concentration fosters monopsony power in the labor...
Persistent link: https://www.econbiz.de/10012416317
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The "matthew effect" and market concentration : search complementarities and monopsony power
Fernández-Villaverde, Jesús; Mandelman, Federico S.; … - 2021
Persistent link: https://www.econbiz.de/10012500297
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The “Matthew effect” and market concentration : search complementarities and monopsony power
Fernández-Villaverde, Jesús; Mandelman, Federico S.; … - 2021
Persistent link: https://www.econbiz.de/10012501551
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The "Matthew effect" and market concentration : search complementarities and monopsony power
Fernández-Villaverde, Jesús; Mandelman, Federico S.; … - 2021
Persistent link: https://www.econbiz.de/10012585967
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The "Matthew Effect" and Market Concentration : Search Complementarities and Monopsony Power
Fernández-Villaverde, Jesús; Mandelman, Federico; Yu, Yang - 2021
This paper develops a dynamic general equilibrium model with heterogeneous firms that face search complementarities in the formation of vendor contracts. Search complementarities amplify small differences in productivity among firms. Market concentration fosters monopsony power in the labor...
Persistent link: https://www.econbiz.de/10014048708
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The “Matthew effect” and market concentration : search complementarities and monopsony power
Fernández-Villaverde, Jesús; Mandelman, Federico S.; … - In: Journal of monetary economics 121 (2021), pp. 62-90
Persistent link: https://www.econbiz.de/10013167199
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Discussion of "The "Matthew effect" and market concentration : search complementarities and monopsony power" by Fernández-Villaverde, Mandelman, Yu and Zanetti
Peters, Michael - In: Journal of monetary economics 121 (2021), pp. 91-94
Persistent link: https://www.econbiz.de/10013167214