|
EconStor >
Freie Universität Berlin >
Fachbereich Wirtschaftswissenschaft, Freie Universität Berlin >
Diskussionsbeiträge, FB Wirtschaftswissenschaft, FU Berlin >
Please use this identifier to cite or link to this item:
http://hdl.handle.net/10419/30319
|
| | |
| Title: | | Wages and productivity growth in a dynamic oligopoly  |
| Authors: | | Bester, Helmut Milliou, Chrysovalantou Petrakis, Emmanuel |
| Issue Date: | | 2009 |
| Series/Report no.: | | School of Business & Economics Discussion Paper 2009/18 |
| Abstract: | | This paper studies the innovation dynamics of an oligopolistic industry. The firms compete not only in the output market but also by engaging in productivity enhancing innovations to reduce labor costs. Rent sharing may generate productivity dependent wage differentials. Productivity growth creates intertemporal spill-over effects, which affect the incentives for innovation at subsequent dates. Over time the industry equilibrium approaches a steady state. The paper characterizes the evolution of the industry's innovation behavior and its market structure on the adjustment path. |
| Subjects: | | innovation labor productivity oligopoly wage differentials productivity growth industry dynamics |
| JEL: | | D24 D42 D92 J31 |
| ISBN: | | 978-3-941240-11-7 |
| Document Type: | | Working Paper |
| Appears in Collections: | | Diskussionsbeiträge, FB Wirtschaftswissenschaft, FU Berlin
|
| |
| | |
Download bibliographical data as:
BibTeX
|
| |
Share on:http://hdl.handle.net/10419/30319
|
Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.
|