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Wage bargaining, productivity growth and long-run industry structure

Bester, Helmut; Milliou, Chrysovalantou; Petrakis, Emmanuel - In: Labour Economics 19 (2012) 6, pp. 923-930

This paper studies the innovation dynamics of an oligopolistic industry. The firms compete not only in the output market but also by engaging in productivity enhancing innovations to reduce labor costs. Rent sharing may generate productivity dependent wage differentials. Productivity growth...

Persistent link: https://www.econbiz.de/10010594878