Author : Kai-Uwe Kühn
Publisher :
Page : 44 pages
File Size : 26,88 MB
Release : 1990
Category : Competition, Imperfect
ISBN :
Author : George R. Feiwel
Publisher : Springer
Page : 985 pages
File Size : 10,98 MB
Release : 1989-06-18
Category : Business & Economics
ISBN : 1349086339
This and its companion volume, "The Economics of Imperfect Competition and Employment", are about Joan Robinson, her impact on modern economics, her challenges and critiques and the advances made in the science and art of economics.
Author : Wilfred Beckerman
Publisher : Bloomsbury Academic
Page : 238 pages
File Size : 43,75 MB
Release : 1986
Category : Business & Economics
ISBN :
Author : Xavier Wauthy
Publisher :
Page : 36 pages
File Size : 33,21 MB
Release : 2001
Category : Competition, Imperfect
ISBN :
Author : Robert Woods
Publisher :
Page : 47 pages
File Size : 28,72 MB
Release : 1992
Category :
ISBN :
Author : Rüdiger Wapler
Publisher : Springer Science & Business Media
Page : 246 pages
File Size : 25,43 MB
Release : 2003-08-26
Category : Business & Economics
ISBN : 9783540404491
The recent labour-market performance varies greatly between the United States and continental Europe on the one hand, and between the low- and high-skilled on the other. This book starts by presenting up-to-date empirical evidence on these stylised facts and on the importance of the intensity of product-market competition for the labour market. It then integrates models of union wage bargaining, efficiency wages and matching with modern analyses of imperfect competition on product markets. Subsequently, the analysis is extended to include the effects of exogenous and endogenous productivity growth as well as skill-based technological change. This makes it possible to not only explain the influence of product-market competition and growth on aggregate unemployment, but also how they affect the unemployment rates for the low- and high-skilled differently.
Author : Bruno Amable
Publisher :
Page : 44 pages
File Size : 30,28 MB
Release : 2001
Category :
ISBN :
Author : Alan Manning
Publisher : Princeton University Press
Page : 414 pages
File Size : 45,15 MB
Release : 2013-12-03
Category : Business & Economics
ISBN : 1400850673
What happens if an employer cuts wages by one cent? Much of labor economics is built on the assumption that all the workers will quit immediately. Here, Alan Manning mounts a systematic challenge to the standard model of perfect competition. Monopsony in Motion stands apart by analyzing labor markets from the real-world perspective that employers have significant market (or monopsony) power over their workers. Arguing that this power derives from frictions in the labor market that make it time-consuming and costly for workers to change jobs, Manning re-examines much of labor economics based on this alternative and equally plausible assumption. The book addresses the theoretical implications of monopsony and presents a wealth of empirical evidence. Our understanding of the distribution of wages, unemployment, and human capital can all be improved by recognizing that employers have some monopsony power over their workers. Also considered are policy issues including the minimum wage, equal pay legislation, and caps on working hours. In a monopsonistic labor market, concludes Manning, the "free" market can no longer be sustained as an ideal and labor economists need to be more open-minded in their evaluation of labor market policies. Monopsony in Motion will represent for some a new fundamental text in the advanced study of labor economics, and for others, an invaluable alternative perspective that henceforth must be taken into account in any serious consideration of the subject.
Author :
Publisher :
Page : pages
File Size : 19,92 MB
Release : 2000
Category :
ISBN :
In this thesis it is analyzed if promoting product market competition can help to to fight unemployment in Europe. We have used a general equilibrium model in order to study how reducing mark-ups and increasing productivity in one sector 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 demonstrated that different learning abilities of firms with respect to general equilibrium effects lead to different levels of unemployment. If firms, competing a la Cournot, consider only partial equilibrium effects when choosing quantities, the observation of general equilibrium feedbacks will lead to repeated quantity adjustments until a steady state is reached. We have used the above model to show that the impacts of mergers of firms on employment are rather negative. We then have examined wage bargaining between employers and labor unions. We have demonstrated that if agents do hardly consider general equilibrium effects, low real wages and low unemployment results. With an intermediate view, when partial equilibrium effects are taken into account, high real wages and unemployment results. If all general equilibrium effects are incorporated at once, again low real wages and low unemployment results. We thus have obtained a hump-shaped relationship between the extend of feedback effects incorporated by the bargaining parties and real wages or unemployment. Finally the impacts of uneven productivity improvements on employment were shown to generally remain positive when wages are set endogenously by wage bargaining.
Author : Tito Boeri
Publisher : Princeton University Press
Page : 464 pages
File Size : 41,23 MB
Release : 2013-09-24
Category : Business & Economics
ISBN : 0691158932
Most labor economics textbooks pay little attention to actual labor markets, taking as reference a perfectly competitive market in which losing a job is not a big deal. The Economics of Imperfect Labor Markets is the only textbook to focus on imperfect labor markets and to provide a systematic framework for analyzing how labor market institutions operate. This expanded, updated, and thoroughly revised second edition includes a new chapter on labor-market discrimination; quantitative examples; data and programming files enabling users to replicate key results of the literature; exercises at the end of each chapter; and expanded technical appendixes. The Economics of Imperfect Labor Markets examines the many institutions that affect the behavior of workers and employers in imperfect labor markets. These include minimum wages, employment protection legislation, unemployment benefits, active labor market policies, working-time regulations, family policies, equal opportunity legislation, collective bargaining, early retirement programs, education and migration policies, payroll taxes, and employment-conditional incentives. Written for advanced undergraduates and beginning graduate students, the book carefully defines and measures these institutions to accurately characterize their effects, and discusses how these institutions are today being changed by political and economic forces. Expanded, thoroughly revised second edition New chapter on labor-market discrimination New quantitative examples New data sets enabling users to replicate key results of the literature New end-of-chapter exercises Expanded technical appendixes Unique focus on institutions in imperfect labor markets Integrated framework and systematic coverage Self-contained chapters on each of the most important labor-market institutions
