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East Germany which point to a substantial shift in industry structure. Minimum wages decreased both market entries and … some type of evasion strategy in eastern Germany, particularly since wages for skilled roofers declined towards the minimum …
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This paper studies the introduction of new products (increase in product variety) in the automobile industry. The focus is on the two sources of market power that may allow the firms to get higher profits (and, thus, recoup investments): new products and brand-name reputation. The effects of new...
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