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Chapter 11. Imperfect Competition in the Labor Market

Alan, Manning - In: Handbook of labor economics : volume 4, part B, (pp. 973-1041). 2011

It is increasingly recognized that labor markets are pervasively imperfectly competitive, that there are rents to the employment relationship for both worker and employer. This chapter considers why it is sensible to think of labor market as imperfectly competitive, reviews estimates on the size...

Persistent link: https://www.econbiz.de/10014025117

Endogenous Pollution Havens : Does FDI Influence Environmental Regulations?

Cole, Matthew A.; Elliott, Robert J. R.; Fredriksson, Per - 2014

We suggest a novel perspective on the relationship between the stringency of environmental policies and foreign direct investment (FDI). We develop a political economy model with imperfect product market competition where local and foreign firms jointly lobby the local government for a favorable...

Persistent link: https://www.econbiz.de/10014027735

Dynamic Macroeconomics with Imperfect Competition

Kaas, Leo - 1999

. Finally, price setting firms using subjective demand functions are integrated in a dynamic disequilibrium model in order to … study monopolistic and oligopolistic price adjustment …

Persistent link: https://www.econbiz.de/10013519168

The industrial organization of financial markets

Clark, Robert; Houde, Jean-François; Kastl, Jakub - In: Handbook of industrial organization : Volume 5, (pp. 427-520). 2021

Persistent link: https://www.econbiz.de/10013549232

Reconstructing Keynesian economics with imperfect competition : a desk-top simulation

Marris, Robin Lapthorn - 1991

Persistent link: https://www.econbiz.de/10013551243

Education, Market Rigidities and Growth

Aghion, Philippe - 2010

This paper investigates the effects of the education level, product market rigidities and employment protection legislation on growth. It exploits macro-panel data for OECD countries. For countries close to the technological frontier, education and rigidities are significantly related to TFP...

Persistent link: https://www.econbiz.de/10013138191

Market Liquidity -- Theory and Empirical Evidence

Vayanos, Dimitri - 2012

In this paper we survey the theoretical and empirical literature on market liquidity. We organize both literatures around three basic questions: (a) how to measure illiquidity, (b) how illiquidity relates to underlying market imperfections and other asset characteristics, and (c) how illiquidity...

Persistent link: https://www.econbiz.de/10013103064

Asymmetric Information, Endogenous Illiquidity, and Asset Pricing with Imperfect Competition

Liu, Hong - 2010

We propose a novel and tractable equilibrium model to study how information asymmetry, competition among market makers, and investors' risk aversion affect asset pricing, market illiquidity and welfare. The main innovation is that market makers compete through choosing simultaneously quantities...

Persistent link: https://www.econbiz.de/10013146613

Delocation and Trade Agreements in Imperfectly Competitive Markets

Bagwell, Kyle - 2010

We consider the purpose and design of trade agreements in imperfectly competitive environments featuring firm-delocation effects. In both the segmented-market Cournot and the integrated-market monopolistic competition settings where these effects have been identified, we show that the only...

Persistent link: https://www.econbiz.de/10013150442

The Smart Grid, Entry, and Imperfect Competition in Electricity Markets

Allcott, Hunt - 2014

Most US consumers are charged a near-constant retail price for electricity, despite substantial hourly variation in the … wholesale market price. The Smart Grid is a set of emerging technologies that, among other effects, will facilitate "real …-time pricing" for electricity and increase price elasticity of demand. This paper simulates the effects of this increased demand …

Persistent link: https://www.econbiz.de/10013066116