| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 971528 | Labour Economics | 2012 | 8 Pages |
Abstract
⺠Firms invest in labor productivity before competing in a free entry oligopoly. ⺠The industry's static and steady state equilibria are characterized and compared. ⺠Rent sharing may generate productivity dependent differentials. ⺠Productivity growth is driven by wage growth at the steady state. ⺠Hold-up is absent in the long-run.
Keywords
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Helmut Bester, Chrysovalantou Milliou, Emmanuel Petrakis,