Human capital externalities with monopsonistic competition

Leo Kaas

Economics Letters, 2010, vol. 106, issue 2, 95-97

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: Externalities; Human; capital; Multiple; equilibria (search for similar items in EconPapers)
Date: 2010
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Working Paper: Human Capital Externalities with Monopsonistic Competition (2008)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:106:y:2010:i:2:p:95-97

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