Workers' skills and product selection
(1999)
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Details
- Authors
- Abstract
- When the production of high quality goods needs the employment of qualified labour, firms' decisions concerning quality are affected by the extent to which skills are abundant. By means of a comparison between monopoly and perfect competition, we show how market power in such a context may entail a distorsion in product selection towards too high average quality.
- Affiliations
Citations
Jaskold Gabszewicz, J., & Turrini, A. (1999). Workers’ skills and product selection (CORE Discussion Papers 1999/06). https://hdl.handle.net/2078.5/76793