Reference : Optimal Employment Subsidies and Market Structures in Industries with Unemployment
Scientific journals : Article
Business & economic sciences : Multidisciplinary, general & others
http://hdl.handle.net/10993/25735
Optimal Employment Subsidies and Market Structures in Industries with Unemployment
English
Picard, Pierre M mailto [University of Luxembourg > Faculty of Law, Economics and Finance (FDEF) > Center for Research in Economic Analysis (CREA) >]
2001
Oxford Economic Papers
Oxford University Press
53
2
352-372
Yes (verified by ORBilu)
0030-7653
1464-3812
Oxford
United Kingdom
[en] In this paper we analyze the issue of optimal employment subsidies in imperfectly competitive industries in which a distortion in the labour market generates involuntary unemployment. As a benchmark case, we focus on monopolies and duopolies and on complete information between firms and government. We characterize the levels and creations of employment in the subsidized industry and we check when such employment policies are more favorable to the least productive firms.
http://hdl.handle.net/10993/25735

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