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the market. Using detailed matched employer-employee data, we analyze how firm takeovers and product market competition … ownership change, in particular when product market competition is weak. Further, increased competition reduces the gender wage …
Persistent link: https://www.econbiz.de/10005791764
Using a general-equilibrium simulation model featuring nominal rigidities and monopolistic competition in product and … labour markets, this Paper estimates the macroeconomic benefits and international spillovers of an increase in competition …, greater competition produces large effects on macroeconomic performance, as measured by standard indicators. In particular, we …
Persistent link: https://www.econbiz.de/10005791863
This paper establishes a causal effect of product market competition on various characteristics of organizational … (trade liberalization), we find that increasing competition leads firms to flatten their hierarchies, i.e., (i) firms reduce …
Persistent link: https://www.econbiz.de/10005792092
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Adam Smith's inquiry into the emergence and stability of the self-organization of the division of labor in commodity exchange is considered using statistical equilibrium methods from statistical physics. We develop a statistical equilibrium model of the distribution of independent direct...
Persistent link: https://www.econbiz.de/10015070701
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This paper analyzes dynamic equilibrium risk sharing contracts between profit-maximizing intermediaries and a large pool of ex-ante identical agents that face idiosyncratic income uncertainty that makes them heterogeneous ex-post. In any given period, after having observed her income, the agent...
Persistent link: https://www.econbiz.de/10010319185