Please use this identifier to cite or link to this item:
https://hdl.handle.net/10419/20293
Full metadata record
DC Field | Value | Language |
---|---|---|
dc.contributor.author | Kauppi, Heikki | en |
dc.contributor.author | Koskela, Erkki | en |
dc.contributor.author | Stenbacka, Rune | en |
dc.date.accessioned | 2009-01-28T16:13:03Z | - |
dc.date.available | 2009-01-28T16:13:03Z | - |
dc.date.issued | 2004 | - |
dc.identifier.uri | http://hdl.handle.net/10419/20293 | - |
dc.description.abstract | We study the implications of product market competition and investment for price setting,wage bargaining and thereby for equilibrium unemployment in an economy with product andlabour market imperfections. We show that intensified product market competition will reduceequilibrium unemployment, whereas the effect of increased capital intensity is more complex.Higher capital intensity will decrease the equilibrium unemployment when the elasticity ofsubstitution between capital and labour is less than one, while the reverse happens when thiselasticity is higher than one but smaller than the elasticity of substitution between products.Finally, we demonstrate how labour and product market imperfections, characterized by thewage and price setting mark-ups, affect the optimal capital stock. Our findings raise importantquestions for future empirical research. | en |
dc.language.iso | eng | en |
dc.publisher | |aInstitute for the Study of Labor (IZA) |cBonn | en |
dc.relation.ispartofseries | |aIZA Discussion Papers |x1058 | en |
dc.subject.jel | E22 | en |
dc.subject.jel | J51 | en |
dc.subject.jel | E24 | en |
dc.subject.jel | L11 | en |
dc.subject.ddc | 330 | en |
dc.subject.keyword | equilibrium unemployment | en |
dc.subject.keyword | product market imperfections | en |
dc.subject.keyword | investment | en |
dc.subject.keyword | wage bargaining | en |
dc.subject.stw | Arbeitslosigkeit | en |
dc.subject.stw | Arbeitsmarkttheorie | en |
dc.subject.stw | Unvollkommener Markt | en |
dc.subject.stw | Wettbewerb | en |
dc.subject.stw | Investition | en |
dc.subject.stw | Lohnverhandlungstheorie | en |
dc.subject.stw | Kapitalintensität | en |
dc.subject.stw | Theorie | en |
dc.title | Equilibrium Unemployment and Investment Under Product and Labour Market Imperfections | - |
dc.type | Working Paper | en |
dc.identifier.ppn | 38095074X | en |
dc.rights | http://www.econstor.eu/dspace/Nutzungsbedingungen | en |
Files in This Item:
Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.