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This paper presents a positive model which shows that institutional setups on capital and labor markets might be intertwined by politicoeconomic forces. Two politicoeconomic equilibria arise from our model, one with little protection of insiders on capital and labor markets, and another one with...
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There exist many indicators for corporatism. Using a latent variables approach, we extract common aspects in 29 … corporatism indicators which have been suggested in the literature and find two factors that can be identified as the degree of …
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