Product market imperfections and employment dynamics
نویسندگان
چکیده
منابع مشابه
Equilibrium Unemployment and Investment Under Product and Labour Market Imperfections
Equilibrium Unemployment and Investment Under Product and Labour Market Imperfections We study the implications of product market competition and investment for price setting, wage bargaining and thereby for equilibrium unemployment in an economy with product and labour market imperfections. We show that intensified product market competition will reduce equilibrium unemployment, whereas the ef...
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A firm facing employment protection will defend its market position more fiercely than a firm operating without such restrictions. However, ex ante it will be more reluctant to expand its market position. For the benchmark case of contest competition, the defensive effect dominates. A firm facing employment protection has a stronger average market position. JEL classification: D44, J63
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This paper proposes a model of efficiency wage with endogenous workers flows in interaction with imperfect competition on the product markets. Subject to economy-wide shocks, firms hire and fire workers thus generating a certain turnover. We show that the intensity of this turnover negatively affects workers’ incentives and induces higher efficiency wage premia. Increased competition pushes rea...
متن کاملRural Women’s Access to Credit: Market Imperfections and Intrahousehold Dynamics
— Credit rationing studies carried out at the household level and based on responses from male heads of households present an incomplete and biased assessment of who is likely to be constrained, why they are constrained, and what is the extent of the constraints. They ignore possibly conflictive intrahousehold dynamics and assume that imperfections in rural financial markets are gender-neutral....
متن کاملFS IV 02 – 31 Employment Protection and Product Market Competition
Employment Protection and Product Market Competition by Sebastian Kessing A firm facing employment protection will defend its market position more fiercely than a firm operating without such restrictions. However, ex ante it will be more reluctant to expand its market position. For the benchmark case of contest competition, the defensive effect dominates. A firm facing employment protection has...
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ژورنال
عنوان ژورنال: Oxford Economic Papers
سال: 2012
ISSN: 0030-7653,1464-3812
DOI: 10.1093/oep/gps033