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We look at privatization in a general equilibrium model of a small, tariff-distorted, open economy. There is a …. However, privatization also leads to lower wages and possibly fewer private brands. This lowers workers' welfare, which may … make privatization politically infeasible. Privatization can improve workers' welfare with complementary reforms, e …
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levels of unemployment. We consider a general equilibrium model where firms in one sector compete à la Cournot and a real … wage rigidity leads to unemployment. If firms consider only partial equilibrium effects when choosing quantities, the …
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In this thesis it is analyzed if promoting product market competition can help to to fight unemployment in Europe. We … affect aggregate unemployment for an exogenously given minimum real wage. The bottom-line was that product market reforms … will help to reduce aggregate unemployment under most circumstances.Modeling a microfoundation of mark-ups, we have …
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levels of unemployment. We consider a general equilibrium model where firms in one sector compete a la Cournot and a real … wage rigidity leads to unemployment. If firms consider only partial equilibrium effects when choosing quantities, the …
Persistent link: https://www.econbiz.de/10013320985
We depart from the assumption of perfect competition in the final goods sector, commonly used in cash-in-advance (CIA) models, providing extensive theoretical analysis of the general equilibrium of an economy with imperfect competition, endogenous production and fully flexible prices in the...
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