Arbeitspapier
Efficiency wages in a Cournot-oligopoly
In a Cournot-oligopoly with free but costly entry and business stealing, output per firm is too low and the number of competitors excessive, assuming labor productivity to depend on the number of employees only or to be constant. However, a firm can raise the productivity of its workforce by paying higher wages. We show that such efficiency wages accentuate the distortions occurring in oligopoly. Specifically, excessive entry is aggravated and the welfare loss due to market power rises.
- Language
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Englisch
- Bibliographic citation
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Series: IAAEU Discussion Paper Series in Economics ; No. 07/2018
- Classification
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Wirtschaft
Market Structure, Pricing, and Design: Oligopoly and Other Forms of Market Imperfection
Wage Level and Structure; Wage Differentials
Oligopoly and Other Imperfect Markets
- Subject
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Oligopoly
Efficiency Wages
Excessive Entry
Welfare
- Event
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Geistige Schöpfung
- (who)
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De Pinto, Marco
Goerke, Laszlo
- Event
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Veröffentlichung
- (who)
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University of Trier, Institute for Labour Law and Industrial Relations in the European Union (IAAEU)
- (where)
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Trier
- (when)
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2018
- Handle
- Last update
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10.03.2025, 11:44 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- De Pinto, Marco
- Goerke, Laszlo
- University of Trier, Institute for Labour Law and Industrial Relations in the European Union (IAAEU)
Time of origin
- 2018
Other Objects (12)
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An Efficiency-Wage Model with Habit Concerns about Wages
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Employment Effects of Labour Taxation in an Efficiency Wage Model with Alternative Budget Constraints and Time Horizons
Profit Sharing and Relative Consumption
Efficiency Wages in Cournot-Oligopoly
Partisan competition authorities, Cournot‐oligopoly, and endogenous market structure
Tax evasion in a Cournot oligopoly with endogenous entry
Tax Evasion in a Cournot Oligopoly with Endogenous Entry
Horizontal FDI in a dynamic Cournot-Oligopoly with endogenous entry
An efficiency-wage model with habit concerns about wages
An Efficiency-Wage Model with Habit Concerns about Wages
An Efficiency-Wage Model with Habit Concerns about Wages
Taxes in an efficiency wage economy
Bismarck versus Beveridge: Flat- and earnings-related unemployment insurance in an efficiency wage framework
Employment Effects of Labour Taxation in an Efficiency Wage Model with Alternative Budget Constraints and Time Horizons
Profit Sharing and Relative Consumption
Efficiency Wages in Cournot-Oligopoly
Partisan competition authorities, Cournot‐oligopoly, and endogenous market structure
Tax evasion in a Cournot oligopoly with endogenous entry
Tax Evasion in a Cournot Oligopoly with Endogenous Entry
Horizontal FDI in a dynamic Cournot-Oligopoly with endogenous entry
An efficiency-wage model with habit concerns about wages
An Efficiency-Wage Model with Habit Concerns about Wages
An Efficiency-Wage Model with Habit Concerns about Wages
Taxes in an efficiency wage economy
Bismarck versus Beveridge: Flat- and earnings-related unemployment insurance in an efficiency wage framework
Employment Effects of Labour Taxation in an Efficiency Wage Model with Alternative Budget Constraints and Time Horizons