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Persistent link: https://www.econbiz.de/10002115431
This article proposes a dynamic efficiency wages model with imperfect competition on labor and product markets. In this … impact on employment, and a substitution effect may emerge across deregulation policies. Moreover, in some cases, a …
Persistent link: https://www.econbiz.de/10012761204
This paper is a contribution to the debate on policy complementarity in relation to deregulation in the product and … labour markets. We develop a model of dynamic efficiency wages and monopolistic competition. Whereas most of the literature … points toward the gains associated to an increase in product market competition coupled with an increased flexibility of the …
Persistent link: https://www.econbiz.de/10013319187
Persistent link: https://www.econbiz.de/10010434169
Persistent link: https://www.econbiz.de/10011711865
Collective dismissal costs are an important part of employment protection legislation (EPL) and make firms' exit more costly. We show in a model with step-by-step innovations that dismissal costs spur innovation if product markets are not too competitive: technologically more advanced firms...
Persistent link: https://www.econbiz.de/10013319705
Persistent link: https://www.econbiz.de/10001667588
The paper reexamines the conventional results relating to inflow of foreign capital, removal of protectionism and structural reform programmes, in a small open economy in terms of a two-sector general equilibrium model with an informal sector. The paper shows that in the presence of labor market...
Persistent link: https://www.econbiz.de/10014122457
The paper reexamines the conventional results relating to inflow of foreign capital, removal of protectionism and structural reform programmes, in a small open economy in terms of a two-sector general equilibrium model with an informal sector. The paper shows that in the presence of labour...
Persistent link: https://www.econbiz.de/10014117681
(2003) and Spector (2004) develop a general equilibrium model with imperfect competition to show the impact of labour or … product market deregulation. We extend that model to combine both reforms, and include the costs of financing them, the …
Persistent link: https://www.econbiz.de/10003484987