Oligopsonistic Cats and Dogs
Dewit, Dr. Gerda and Leahy, Dr. Dermot (2005) Oligopsonistic Cats and Dogs. .
We study the strategic investment behaviour of oligopsonistic rivals in the labour market. Under wage competition, firms play "puppy dog" with productivityaugmenting investment and "fat cat" with supply-enhancing investment. Under employment competition, investing strategically always involves playing "top dog".
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