| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP4577 |
| DP4577 Does Microsoft Stifle Innovation? Dominant Firms, Imitation and R&D Incentives | |
| Luis Cabral; Ben Polak | |
| 发表日期 | 2004-08-23 |
| 出版年 | 2004 |
| 语种 | 英语 |
| 摘要 | The missing wage rigidity in general equilibrium models of efficiency wages is an artifact of the external wage reference perspective conventionally adopted by the literature. Efficiency wage models based on an internal wage reference perspective are capable of generating strong wage rigidity. We propose a structural model of efficiency wages that is broadly consistent with the reported evidence on fairness in labour relations and rent-sharing. Our model provides a robust explanation for wage rigidity and procyclical effort. It also rationalizes reciprocal behaviour by workers and the observation that firm productivity is a significant predictor of wage setting. |
| 主题 | International Macroeconomics |
| 关键词 | Efficiency wages Wage rigidity Rent-sharing Reciprocity |
| URL | https://cepr.org/publications/dp4577 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/533494 |
| 推荐引用方式 GB/T 7714 | Luis Cabral,Ben Polak. DP4577 Does Microsoft Stifle Innovation? Dominant Firms, Imitation and R&D Incentives. 2004. |
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