Real options, wage bargaining, factor subsidies and employment
Stein Østbye
Applied Economics, 1998, vol. 30, issue 3, 335-344
Abstract:
The paper combines a translog variable cost function, a bargaining model of wage determination and a real option model determining real capital. Using this framework, the effect of factor subsidies on labour demand is estimated, based on aggregate panel data for Norwegian manufacturing industry in the period 1980-1988
Date: 1998
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Persistent link: https://EconPapers.repec.org/RePEc:taf:applec:v:30:y:1998:i:3:p:335-344
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DOI: 10.1080/000368498325859
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