Are you looking for read ebook online? Search for your book and save it on your Kindle device, PC, phones or tablets. Download Imperfect Competition In Product Markets And Labor Markets General Equilibrium And Unemployment PDF full book. Access full book title Imperfect Competition In Product Markets And Labor Markets General Equilibrium And Unemployment.
| Author | : Achim Schniewind |
| Publisher | : |
| Total Pages | : 266 |
| Release | : 2000 |
| Genre | : |
| ISBN | : |
| Author | : |
| Publisher | : |
| Total Pages | : |
| Release | : 2000 |
| Genre | : |
| 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 | : Alan Manning |
| Publisher | : Princeton University Press |
| Total Pages | : 414 |
| Release | : 2013-12-03 |
| Genre | : 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 | : Tito Boeri |
| Publisher | : Princeton University Press |
| Total Pages | : 704 |
| Release | : 2021-01-26 |
| Genre | : Business & Economics |
| ISBN | : 0691208824 |
The leading textbook on imperfect labor markets and the institutions that affect them—now completely updated and expanded Today's labor markets are witnessing seismic changes brought on by such factors as rising self-employment, temporary employment, zero-hour contracts, and the growth of the sharing economy. This fully updated and revised third edition of The Economics of Imperfect Labor Markets reflects these and other critical changes in imperfect labor markets, and it has been significantly expanded to discuss topics such as workplace safety, regulations on self-employment, and disability and absence from work. This new edition also features engaging case studies that illustrate key aspects of imperfect labor markets. Authoritative and accessible, this textbook 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, family policies, equal opportunity legislation, collective bargaining, early retirement programs, and education and migration policies. 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 being transformed today. Fully updated to reflect today's changing labor markets Significantly expanded to discuss a wealth of new topics, including the impact of the COVID-19 pandemic Features quantitative examples, new case studies, data sets that enable users to replicate results in the literature, technical appendixes, and end-of-chapter exercises Unique focus on institutions in imperfect labor markets Self-contained chapters cover each of the most important labor-market institutions Instructor's manual available to professors—now with new exercises and solutions
| Author | : Tito Boeri |
| Publisher | : Princeton University Press |
| Total Pages | : 464 |
| Release | : 2013-09-24 |
| Genre | : 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
| Author | : Kai-Uwe Kühn |
| Publisher | : |
| Total Pages | : 44 |
| Release | : 1990 |
| Genre | : Competition, Imperfect |
| ISBN | : |
| Author | : Junʼichi Gotō |
| Publisher | : |
| Total Pages | : 182 |
| Release | : 1988 |
| Genre | : Automobile industry and trade |
| ISBN | : |
| Author | : Claude d’Aspremont |
| Publisher | : Springer Nature |
| Total Pages | : 160 |
| Release | : 2021-05-18 |
| Genre | : Business & Economics |
| ISBN | : 303063602X |
This book provides a methodology for the analysis of oligopolistic markets from an equilibrium viewpoint, considering competition within and between groups of firms. It proposes a well-founded measure of competitive toughness that can be used in empirically relevant applications. This measure reflects the weight put by each firm on competition for market share relative to competition for market size – two dimensions of competition involving conflicting and convergent interests, respectively. It further explores several applications, such as the effect of tougher competition on innovation and of output market power on the emergence of involuntary unemployment, as well as the importance of strategic interactions for investment decisions. Relative to the dominant model of monopolistic competition, The Economics of Competition, Collusion and In-between aims to explore an alternative tractable model of firm competition opening the application of oligopoly theory to many fields in economics where general equilibrium features are crucial. It will be relevant to those interested in applied industrial organization, trade, macroeconomics (in particular macrodynamics) and quantitative economics.
| Author | : Olivier Blanchard |
| Publisher | : |
| Total Pages | : 64 |
| Release | : 2001 |
| Genre | : Deregulation |
| ISBN | : |
Product and labor market deregulation are fundamentally about reducing and redistributing rents, leading economic players to adjust in turn to this new distribution. Thus, even if deregulation eventually proves beneficial, it comes with strong distribution and dynamic effects. The transition may imply the decline of incumbent firms. Unemployment may increase for a while. Real wages may decrease before recovering, and so on. To study these issues, we build a model based on two central assumptions: Monopolistic competition in the goods market, which determines the size of rents; and bargaining in the labor market, which determines the distribution of rents between workers and firms. We then think of product market regulation as determining both the entry costs faced by firms, and the degree of competition between firms. We think of labor market regulation as determining the bargaining power of workers. Having characterized the effects of labor and product market deregulation, we then use our results to study two specific issues. First, to shed light on macroeconomic evolutions in Europe over the last twenty years, in particular on the behavior of the labor share. Second, to look at political economy interactions between product and labor market deregulation.
| Author | : Xavier Wauthy |
| Publisher | : |
| Total Pages | : 36 |
| Release | : 2001 |
| Genre | : Competition, Imperfect |
| ISBN | : |
