EconPapers    
Economics at your fingertips  
 

A Theory of Firm Formation and Skills Acquisition

Bryan Ellickson, Birgit Grodal, Suzanne Scotchmer and William Zame
Additional contact information
Bryan Ellickson: University of California

No 359, Econometric Society World Congress 2000 Contributed Papers from Econometric Society

Abstract: We present a theory of production that begins with an exogenously specified set of technologies, accessible to each potential firm. The technologies used in equilibrium are endogenous. Labor skills are differentiated, and the labor skills are acquired endogenously by workers, possibly by bearing private costs, and possibly by attending school. A technology can be used by a group of agents having the appropriate skills. We allow that workers care about the production plans in their firms, and will accept lower compensation to satisfy their preferences on production plans. In a continuum model, we show what price systems are required so that competitive equilibrium exists and core outcomes are equivalent to competitive outcomes.

Date: 2000-08-01
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://fmwww.bc.edu/RePEc/es2000/0359.pdf main text (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ecm:wc2000:0359

Access Statistics for this paper

More papers in Econometric Society World Congress 2000 Contributed Papers from Econometric Society Contact information at EDIRC.
Bibliographic data for series maintained by Christopher F. Baum ().

 
Page updated 2025-03-31
Handle: RePEc:ecm:wc2000:0359