Human Capital Externalities with Monopsonistic Competition

Leo Kaas

No 3729, IZA Discussion Papers from Institute of Labor Economics (IZA)

Abstract: This paper provides a novel microeconomic foundation for pecuniary human capital externalities in a labor market model of monopsonistic competition. Multiple equilibria arise because of a strategic complementarity in investment decisions.

Keywords: multiple equilibria; human capital; externalities (search for similar items in EconPapers)
JEL-codes: D43 J24 (search for similar items in EconPapers)
Pages: 11 pages
Date: 2008-09
New Economics Papers: this item is included in nep-bec, nep-hrm, nep-lab, nep-mic and nep-ure
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Published - published in: Economics Letters, 2010, 106 (2), 95-97

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Related works:
Journal Article: Human capital externalities with monopsonistic competition (2010)
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