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Title:Human capital externalities with monopsonistic competition PDF Logo
Authors:Kaas, Leo
Issue Date:2008
Series/Report no.:IZA discussion papers 3729
Abstract:This paper provides a novel microeconomic foundation for pecuniary human capital externalities in a labor market model of monopsonistic competition. Multiple equilibria arise because of a strategic complementarity in investment decisions.
Subjects:Externalities
human capital
multiple equilibria
JEL:D43
Persistent Identifier of the first edition:urn:nbn:de:101:1-20081014347
Document Type:Working Paper
Appears in Collections:IZA Discussion Papers, Forschungsinstitut zur Zukunft der Arbeit (IZA)

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