Wages and productivity growth in a dynamic oligopoly
Bester, Helmut ;  Milliou, Chrysovalantou ;  Petrakis, Emmanuel ;  ;  Universität <Berlin, Freie Universität> / Fachbereich Wirtschaftswissenschaft

Main titleWages and productivity growth in a dynamic oligopoly
AuthorBester, Helmut
AuthorMilliou, Chrysovalantou
AuthorPetrakis, Emmanuel
EditorUniversität <Berlin, Freie Universität> / Fachbereich Wirtschaftswissenschaft
No. of Pages27 S.
Series ; 2009,18 : Economics
Keywordsinnovation; labor productivity; oligopoly; wage differentials; productivity growth; industry dynamics
Classification (DDC)338 Production
AbstractThis paper studies the innovation dynamics of an oligopolistic in-
dustry. The firms compete not only in the output market but also by
engaging in productivity enhancing innovations to reduce labor costs.
Rent sharing may generate productivity dependent wage differentials.
Productivity growth creates intertemporal spill–over effects, which af-
fect the incentives for innovation at subsequent dates. Over time the
industry equilibrium approaches a steady state. The paper character-
izes the evolution of the industry’s innovation behavior and its market
structure on the adjustment path.
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FU DepartmentDepartment Business and Economics
Other affiliation(s)Institut für Wirtschaftstheorie Lehrstuhl für Mikrotheorie
Year of publication2009
Type of documentBook
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Created at2010-03-01 : 11:51:33
Last changed2016-01-05 : 02:38:17
Static URLhttp://edocs.fu-berlin.de/docs/receive/FUDOCS_document_000000004936