English, Article, Journal or magazine article edition: Does product market competition improve the labour market performance ? Gabriele, CARDULLO

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Bookmark: http://trove.nla.gov.au/version/178201
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • Does product market competition improve the labour market performance ?
Author
  • Gabriele, CARDULLO
Physical Description
  • preprint
Notes
  • In this paper, I construct a general equilibrium model in which the labour market exhibits search frictions, whereas Cournot competition is assumed in the goods market. The properties of the long run free-entry equiibrium show that a more competitive product market raises employment, but it has ambiguous effects both on the real wage and on the utility of the employees. Moreover, from a normative viewpoint, the level of employment and the degree of competition may be inefficiently high. Numerical results based on Belgian data are finally performed.
  • product market competition, search matching equilibrium, barriers to entry
  • RePEc:ctl:louvec:2008007
Language
  • English
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