Workers’skills and product selection
When the production of high quality goods needs the employment of qualified labour, firms’ decisions concerning quality are affected by the extent to which skills are abundant. By means of a comparison between monopoly and perfect competition, we show how market power in such a context may entail a distorsion in product selection towards too high average quality
|Date of creation:||01 Jan 1999|
|Contact details of provider:|| Postal: Voie du Roman Pays 34, 1348 Louvain-la-Neuve (Belgium)|
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- Michael Spence, 1976. "Product Selection, Fixed Costs, and Monopolistic Competition," Review of Economic Studies, Oxford University Press, vol. 43(2), pages 217-235.
- GABSZEWICZ, Jean & TURRINI, Alessandro, 1997.
"Workers’ skills, product quality and industry equilibrium,"
CORE Discussion Papers
1997055, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
- Gabszewicz, J. & Turrini, A., 2000. "Workers' skills, product quality and industry equilibrium," International Journal of Industrial Organization, Elsevier, vol. 18(4), pages 575-593, May.
- GABSZEWICZ, Jean J. & TURRINI, Alessandro, "undated". "Workers' skills, product quality and industry equilibrium," CORE Discussion Papers RP 1451, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
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"Search in the Labor market: Incomplete Contracts and Growth,"
94-23, Massachusetts Institute of Technology (MIT), Department of Economics.
- Acemoglu, Daron, 1994. "Search in the Labour Market, Incomplete Contracts and Growth," CEPR Discussion Papers 1026, C.E.P.R. Discussion Papers.
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- Courakis, Anthony S, 1991. "Labour Skills and Human Capital in the Explanation of Trade Patterns," Oxford Economic Papers, Oxford University Press, vol. 43(3), pages 443-462, July.
- Nancy L. Stokey, 1991. "Human Capital, Product Quality, and Growth," The Quarterly Journal of Economics, Oxford University Press, vol. 106(2), pages 587-616.
- Mussa, Michael & Rosen, Sherwin, 1978. "Monopoly and product quality," Journal of Economic Theory, Elsevier, vol. 18(2), pages 301-317, August.
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