intermediate goods

To look at the impact on labor market performance of government tax and enforcement policies, this report develops an equilibrium model presenting tax evasion, matching frictions, and worker-firm wage bargains. In the wage bargains, employees and firms can decide on the amount of compensation which should not be revealed to ...

This report analyses the influence of outsourcing on individual wages. As opposed to the conventional technique in the literature, we concentrate on domestic outsourcing along with foreign outsourcing. Employing a straightforward theoretical model, we debate that, if outsourcing is related to specialization gains arising from a rise in the extent ...

Retailing is traditionally viewed as a industry characterized by many firms and easy entry. In intermediate goods markets, both buyers and sellers normally have market power, and sales are based on bilaterally negotiated contracts specifying both price and quantity. In our model, pairs of buyers and sellers meet in bilateral ...