A Special Purpose Acquisition Company (“SPAC”) is a publicly listed firm with a two-year lifespan during which it is expected to find a private company with which to merge and thereby bring public. SPACs have been touted as a cheaper way to go public than an IPO. This paper analyzes the...

Although coordination of wage bargaining probably affects entry barriers and competition in product markets, research on price determination has typically not considered such factors. We argue that the price markup depends on wage setting institutions and present empirical evidence in form of...

Although coordination of wage bargaining probably affects entry barriers and competition in product markets, research on price determination has typically not considered such factors. In this paper the price markup depends on coordination and is estimated on a panel of 15 OECD countries. The...

Wir untersuchen die Auswirkungen von Steuer-Transfer-Reformen in einem konsistent gekoppelten Mikro-Makro-Modell mit heterogenen Arbeitsmärkten. Das Modell umfasst drei Qualifikationstypen, die in der Produktion unvollständig substituierbar sind. Die empirisch geschätzten...

Collective bargaining agreements have been said to decrease deployment since the work of Calmfors and Driffill (1988). We investigate empirically whether opening clauses, flexible elements that have been introduced to reduce the decline in coverage, can indeed minimise this effect and increase...

Although coordination of wage bargaining probably affects entry barriers and competition in product markets, research on price determination has typically not considered such factors. In this paper the price markup depends on coordination and is estimated on a panel of 15 OECD countries. The...

This paper analyses the impact of opening clauses in German collective bargaining agreements (CBAs) on job flows. Opening clauses should provide firms with more flexibility in economic crises. Therefore, firms operating under a CBA with opening clauses are expected to have lower job turnover, in...