Human Capital Externalities with Monopsonistic Competition
نویسنده
چکیده
Human Capital Externalities with Monopsonistic Competition This paper provides a novel microeconomic foundation for pecuniary human capital externalities in a labor market model of monopsonistic competition. Multiple equilibria arise because of a strategic complementarity in investment decisions. JEL Classification: D43, J24
منابع مشابه
Agglomeration , tax competition , and fiscal equalization
This paper analyzes the impact of fiscal equalization on asymmetric tax competition when positive agglomeration externalities are present. It shows that equalization of standardized tax revenue improves the spatial allocation of capital provided that agglomeration externalities are sufficiently strong. JEL Classification: R12, H71, H73.
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تاریخ انتشار 2008