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When employers face a trade-off between growing large and paying low wages - that is, when they have monopsony power - some productive employers will decide to acquire fewer customers, forgo sales, and remain small. These decisions have adverse consequences for aggregate labor productivity....
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concerned with their welfare) in agricultural diversification strategies. However, empirical research on diversification in … between different diversification strategies and farm performance (farm growth rates). The results of fixed- and random …-effect models for approx. 3,900 farms in Schleswig-Holstein for the period 1988/89-1997/98 show that diversification into related …
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Since 1994, the German banking market is confronted with an entry wave of direct banks. This banking innovation may be explained by developments on the supply side as well as on the demand side. It is pushed by developments in telecommunication technologies during a period of rising cost...
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