TY  - RPRT
        AU  - Kaas, Leo
        TI  - Human Capital Externalities with Monopsonistic Competition
        PY  - 2008/Sep/
        PB  - Institute of Labor Economics (IZA)
        CY  - Bonn
        T2  - IZA Discussion Paper
        IS  - 3729
        UR  - https://www.iza.org/index.php/publications/dp3729
        AB  - 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.
        KW  - multiple equilibria
KW  - human capital
KW  - externalities
        ER  -