@TechReport{iza:izadps:dp3729,
            	author={Kaas, Leo},
            	title={Human Capital Externalities with Monopsonistic Competition},
            	year={2008},
	month={Sep},
            	institution={Institute of Labor Economics (IZA)},
            	address={Bonn},
            	type={IZA Discussion Paper},
            	number={3729},
            	url={https://www.iza.org/index.php/publications/dp3729},
	abstract={This paper provides a novel microeconomic foundation for pecuniary human capital externalities in a labor market model of monopsonistic competition. Multiple equilibria arise because of a strategic complementarity in investment decisions.},
	keywords={multiple equilibria;human capital;externalities},
            }