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Is perfection optional? : Employment and product market competition

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How competition in investing, hiring, and selling affect (un)employment : ana nalysis of equilibrium scenarios

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Product market competition, profit sharing and equilibrium unemployment

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We investigate the implications of product market imperfections on profit sharing, wage negotiation and equilibrium unemployment. The optimal profit share, which the firms use as a wage-moderating commitment device, is below the bargaining power of the trade union. Intensified product market...

Persistent link: https://www.econbiz.de/10003297381