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Displaying results 1 to 6 of 6.

  1. Labor market power, self-employment, and development
    Author: Amodio, Francesco; Medina, Pamela; Morlacco, Monica
    Published: August 2022
    Publisher:  IZA - Institute of Labor Economics, Bonn, Germany

    This paper shows that self-employment opportunities shape the market power of employers in low-income countries, with implications for industrial development. Using data from Peru, we document substantial employer concentration and high... more

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    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
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    DS 4
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    This paper shows that self-employment opportunities shape the market power of employers in low-income countries, with implications for industrial development. Using data from Peru, we document substantial employer concentration and high self-employment rates across manufacturing local labor markets. Where employer concentration is higher, wages are lower, and self-employment is more prevalent but less remunerative. To interpret these facts, we build a general equilibrium model where labor market power in each market arises from (i) strategic interactions among employers and (ii) sorting of heterogeneous workers across wage work and self-employment. We structurally estimate the model and quantify the relevance of these mechanisms for rent-sharing between workers and firms and for the effect of policies promoting manufacturing wage employment. We show that changes in concentration magnify the pass-through of productivity and profitability shocks to wages, but worker sorting across wage and self-employment mitigates these effects. We find that policies that increase firm productivity are more effective in expanding wage employment and increasing workers' earnings than other interventions that improve workers' skills or decrease firm entry cost.

     
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/265698
    Series: Discussion paper series / IZA ; no. 15477
    Subjects: labor market power; monopsony; self-employment; sorting; development
    Scope: 1 Online-Ressource (circa 69 Seiten), Illustrationen
  2. Labor market power, self-employment, and development
    Author: Amodio, Francesco; Medina, Pamela; Morlacco, Monica
    Published: 28 September 2022
    Publisher:  Centre for Economic Policy Research, London

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    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
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    Universitätsbibliothek Mannheim
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Array ; DP17542
    Subjects: labor market power; monopsony; self-employment; sorting; development
    Scope: 1 Online-Ressource (circa 70 Seiten)
  3. Labor market power, self-employment, and development
    Author: Amodio, Francesco; Medina, Pamela; Morlacco, Monica
    Published: 28 September 2022
    Publisher:  Centre for Economic Policy Research, London

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    Universitätsbibliothek Mannheim
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Array ; DP17543
    Subjects: Development; Monopsony; Sorting; Self-employment
    Scope: 1 Online-Ressource (circa 70 Seiten), Illustrationen
  4. Markups, intangible capital and heterogeneous financial frictions
    Author: Altomonte, Carlo; Favoino, Domenico; Morlacco, Monica; Sonno, Tommaso
    Published: [2021]
    Publisher:  Centre for Economic Performance, London School of Economics and Political Science, London

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    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
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    VS 449
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Discussion paper / Centre for Economic Performance ; no. 1740 (January 2021)
    Subjects: markups; financial constraints; intangibles; productivity; technological change
    Scope: 1 Online-Ressource (circa 57 Seiten), Illustrationen
  5. Two-Sided Market Power in Firm-to-Firm Trade
    Author: Alviarez, Vanessa I.; Fioretti, Michele; Kikkawa, Ken; Morlacco, Monica
    Published: May 2023
    Publisher:  National Bureau of Economic Research, Cambridge, Mass

    We develop a quantitative theory of prices in firm-to-firm trade with bilateral negotiations and two-sided market power. Markups reflect oligopoly and oligopsony forces, with relative bargaining power as weight. Cost pass-through elasticities into... more

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    Universitätsbibliothek Freiburg
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    Helmut-Schmidt-Universität, Universität der Bundeswehr Hamburg, Universitätsbibliothek
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    Staats- und Universitätsbibliothek Hamburg Carl von Ossietzky
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    Technische Informationsbibliothek (TIB) / Leibniz-Informationszentrum Technik und Naturwissenschaften und Universitätsbibliothek
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    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
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    We develop a quantitative theory of prices in firm-to-firm trade with bilateral negotiations and two-sided market power. Markups reflect oligopoly and oligopsony forces, with relative bargaining power as weight. Cost pass-through elasticities into import prices can be incomplete or complete, depending on the exporter's and importer's bargaining power and market shares. In U.S. import data, we find that U.S. importers have substantial market power and disproportionate leverage in price negotiations. The estimated model produces accurate predictions of the impact of Trump tariffs on pair-level prices. At the aggregate level, ignoring two-sided market power could exaggerate tariff pass-through by about 60%

     
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: NBER working paper series ; no. w31253
    Subjects: Außenhandel; Marktstruktur; Unternehmensnetzwerk; Marktmacht; Netzwerkökonomik; Models of Trade with Imperfect Competition and Scale Economies; Fragmentation; Transactional Relationships; Contracts and Reputation; Networks
    Scope: 1 Online-Ressource, illustrations (black and white)
    Notes:

    Hardcopy version available to institutional subscribers
  6. Two-sided market power in firm-to-firm trade
    Author: Alviarez, Vanessa; Fioretti, Michele; Kikkawa, Ken; Morlacco, Monica
    Published: February 2023
    Publisher:  Inter-American Development Bank, Department of Research and Chief Economist, [Washington, DC]

    We develop a quantitative theory of prices in firm-to-firm trade with bilateral negotiations and two-sided market power. Markups reflect oligopoly and oligopsony forces, with relative bargaining power as weight. Cost pass-through elasticities into... more

    Access:
    Verlag (kostenfrei)
    Resolving-System (kostenfrei)
    Resolving-System (kostenfrei)

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    DS 144
    Inter-library loan:
    No inter-library loan

     

    We develop a quantitative theory of prices in firm-to-firm trade with bilateral negotiations and two-sided market power. Markups reflect oligopoly and oligopsony forces, with relative bargaining power as weight. Cost pass-through elasticities into import prices can be incomplete or complete, depending on the exporter's and importer's bargaining power and market shares. In U.S. import data, we find that U.S. importers have substantial market power and disproportionate leverage in price negotiations. The estimated model produces accurate predictions of the impact of Trump tariffs on pair-level prices. At the aggregate level, ignoring two-sided market power could exaggerate tariff pass-through by about 60 percent.

     
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/289959
    Series: IDB working paper series ; no IDB-WP-1370
    Subjects: Market power; Global value chains; Pass-through; International trade
    Scope: 1 Online-Ressource (circa 64 Seiten), Illustrationen