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http://dspace.mediu.edu.my:8181/xmlui/handle/10419/19067Full metadata record
| DC Field | Value | Language |
|---|---|---|
| dc.creator | Koskela, Erkki | - |
| dc.creator | Stenbacka, Rune | - |
| dc.date | 2005 | - |
| dc.date.accessioned | 2013-10-16T07:02:43Z | - |
| dc.date.available | 2013-10-16T07:02:43Z | - |
| dc.date.issued | 2013-10-16 | - |
| dc.identifier | http://hdl.handle.net/10419/19067 | - |
| dc.identifier | ppn:509687830 | - |
| dc.identifier.uri | http://koha.mediu.edu.my:8181/xmlui/handle/10419/19067 | - |
| dc.description | We investigate the implications of product market imperfections on profit sharing, wage negotiation and equilibrium unemployment. The optimal profit share, which the firms use as a wage-moderating commitment device, is below the bargaining power of the trade union. Intensified product market competition decreases profit sharing, but increases the negotiated base wage, because the wage-increasing effect of reduced profit sharing dominates the wage-reducing effect associated with a higher wage elasticity of labor demand. Finally, we show that intensified product market competition does not necessarily reduce equilibrium unemployment, because it induces both higher wage mark-ups and lower optimal profit shares. | - |
| dc.language | eng | - |
| dc.publisher | - | |
| dc.relation | CESifo working papers 1603 | - |
| dc.rights | http://www.econstor.eu/dspace/Nutzungsbedingungen | - |
| dc.subject | L11 | - |
| dc.subject | J51 | - |
| dc.subject | J33 | - |
| dc.subject | ddc:330 | - |
| dc.subject | product market competition | - |
| dc.subject | profit sharing | - |
| dc.subject | wage bargaining | - |
| dc.subject | equilibrium unemployment | - |
| dc.subject | Tarifliche Gewinnbeteiligung | - |
| dc.subject | Lohnverhandlungstheorie | - |
| dc.subject | Wettbewerb | - |
| dc.subject | Theorie der Arbeitslosigkeit | - |
| dc.subject | Theorie | - |
| dc.title | Product market competition, profit sharing and equilibrium unemployment | - |
| dc.type | doc-type:workingPaper | - |
| Appears in Collections: | EconStor | |
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