We investigate the effects of wage compression through centralized collective bargaining when growth depends on the continual reallocation of labor from older, less productive plants to new, more productive plants.

The main purpose of this survey paper is to consider the attempts that have been ,ade to apply economic theory snd empirical methods to the analysis of electricity markets, and to evaluate them in light of theoretical considerations and empirical evidence. We describe the key features of the...

The aim of this paper is to study the impact of breaking up national gas sales consortia in Western Europe. We show, within a numerical model of the Western European natural gas market- that once the demand side of the market is liberalized, each producing country has an incentive to break up...

This paper uses representative panel data of 1,701 Bulgarian and 2,047 Romanian manufacturing firms to analyze how price-cost margins are affected by privatization and competitive pressure. Privatization is associated with higher price-cost margins. This effect is stronger in highly competitive...