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model to explain the natural rate of unemployment and non-wage employment costs, to show the impact of reform on the short … (unemployment rises and then falls, while wages move in the opposite way); that the long run gains outweigh the short run costs; and …
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We study the problem of information sharing in oligopoly, when sharing decisions are taken before the realization of private signals. Using the general model developed by Raith (1996), we show that if firms are allowed to make bilateral exclusive sharing agreements, then some degree of...
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