Product Market Competition, Competitive Position and Employee Wage
نویسندگان
چکیده
منابع مشابه
Competitive Wage Cycles with Imperfect Output Market Competition
We consider a model of a sector in which the same set of oligopolistic firms faces a common labour supply constraint. The wage is given in the short run, adjusting competitively in the longer run. When the costs of job creation are low relative to the degree of output market power, there exists no wage that clears the labour market in the short run, and at some wages there are two equilibria, o...
متن کاملCapital structure and competitive position in product market
Article history: Received 27 January 2012 Received in revised form 25 June 2013 Accepted 25 June 2013 Available online 8 July 2013 This paper examines the effect of capital structure on the competitive position of firms in the product market, as measured by themarket share. Theoretical predictions suggest that this effect depends onwhether Cournot or Bertrand competition determines firms' inter...
متن کاملProduct Market Competition and Stock Market Efficiency
How does competition in a firm's product market affect the behavior of its stock? We examine this question in a noisy rational expectations economy in which firms operate under monopolistic competition. Production is subject to productivity shocks and requires capital, raised on a perfectly competitive equity market. Investors observe firms' past profits and collect private information about th...
متن کاملCorruption and Product Market Competition∗
It is generally considered that more competition might help curb corruption, as rents, which motivate corrupt agreements, are decreasing in the degree of competition. This paper proposes a framework to analyze the relationship between corruption and competition. It studies the optimal incentive scheme for potentially corrupt officials in charge of inspecting firms that compete in the product ma...
متن کاملEmployment Protection and Product Market Competition
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
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: Journal of Human Resource and Sustainability Studies
سال: 2016
ISSN: 2328-4862,2328-4870
DOI: 10.4236/jhrss.2016.43019