Market Competition and the Failure of Competitiveness Enhancement Policies in the United States

1994 ◽  
Vol 28 (2) ◽  
pp. 587-596 ◽  
Author(s):  
William Milberg
2019 ◽  
Vol 64 (4) ◽  
pp. 540-565 ◽  
Author(s):  
Eric M. Gibbons ◽  
Allie Greenman ◽  
Peter Norlander ◽  
Todd Sørensen

Guest workers on visas in the United States may be unable to quit bad employers due to barriers to mobility and a lack of labor market competition. Using H-1B, H-2A, and H-2B program data, we calculate the concentration of employers in geographically defined labor markets within occupations. We find that many guest workers face moderately or highly concentrated labor markets, based on federal merger scrutiny guidelines, and that concentration generally decreases wages. For example, moving from a market with a Herfindahl-Hirschman Index of zero to a market comprised of two employers lowers H-1B worker wages approximately 10%, and a pure monopsony (one employer) reduces wages by 13%. A simulation shows that wages under pure monopsony could be 47% lower, suggesting that employers do not use the full extent of their monopsony power. Enforcing wage regulations and decreasing barriers to mobility may better address issues of exploitation than antitrust scrutiny alone.


Author(s):  
Bernd Reiter

Racial justice in the United States, and indeed throughout the Americas, can be achieved only by addressing and rectifying the wrongs done in the past to the descendants of African slaves. This is so because under conditions of free market competition, past inequalities and disparities in wealth and asset holding tend to be reproduced and even reinforced in the present. As the US economist Fred Hirsch has shown, under free market conditions, there is no catching up with those who entered competitive markets earlier or with more assets. The benefits of addressing past wrongs with policies of material reparations and symbolic recognition can be understood by comparing the United States to Germany, which has not only paid reparations to Holocaust survivors and the descendants of Jewish slave laborers but also outlawed any public display of any symbols glorifying the horrors enacted in the past.


2017 ◽  
Vol 30 (1) ◽  
pp. 128-157 ◽  
Author(s):  
Brian Gratton

Abstract:This article addresses the origins of the immigration restriction movement in the late 19th century United States, a movement that realized its aims in the early 20th. It critiques the dominant scholarly interpretation, which holds that the movement sprang from a racism that viewed the new immigrants of this period as biologically inferior. It argues first that activists did not have at hand a biological theory sufficient to this characterization and did not employ one. It argues second that the movement arose as an adroit political response to labor market competition. The Republican Party recognized the discontent of resident workers (including those of older immigrant origin) with competition from new immigrants. The Party discerned ethnic differences among new and old immigrants and capitalized on these conditions in order to win elections. Ethnocentrism and middle-class anxiety over mass immigrant added to a movement that depended on bringing working class voters into the Party.


2020 ◽  
Vol 12 (2) ◽  
pp. 79
Author(s):  
Nguyen Duc Hanh

Accreditation is a solution for improving the quality of education in higher education institutions. Quality accreditation plays a dominant role that supports quality assurance management in the higher education system. The accreditation frameworks and external quality assurance are different between countries. The United States started quality accreditation very early, so it has a robust educational quality accreditation system, excellent support for the development of higher education institutions. Vietnam has only begun to conduct quality accreditation in recent years. At present, there are still some differences between Vietnam and the United States in quality management activities, but education quality accreditation of Vietnam is approximately similar the United States and carried out in three models: the model of central control of quality assurance of state; model of quality assurance combining between state control with the market competition; and model in which the state primarily leave responsibility for quality assurance to self-accrediting universities.


2020 ◽  
Vol 52 (8) ◽  
Author(s):  
Diane R. Rittenhouse ◽  
Alexandra S. Ament ◽  
Kevin Grumbach

Background and Objectives: Graduate medical education (GME) determines the composition and distribution of the physician workforce in the United States. Federal and state governments heavily subsidize GME but in most cases do not tie subsidies to national or state physician workforce goals. As a result, GME sponsoring institutions (eg, teaching hospitals, schools of medicine, federally qualified health centers) decide how many and what type of physicians to train. The objective of this study was to better understand the factors that influence decision-making by sponsoring institutions. Methods: Between May and December 2018, we interviewed 35 national or state GME policy leaders and an additional 26 GME leaders from a purposive sample of four sponsoring institutions. We analyzed interviews following a conventional content analysis approach to identify emergent themes. Results: When considering investing in GME, we found that sponsoring institutions do not consider national or statewide workforce recommendations. Instead, they weigh multiple factors of concern to their institution, including public GME subsidies, market competition, potential clinical revenues, academic stature, local workforce demands, as well as their own organization’s mission/culture, staffing, financial reserves, educational leadership, teaching resources, and size. Conclusions: Unless and until the incentives for sponsoring institutions are strongly aligned with national and state physician workforce priorities based on public need, progress on creating a more balanced physician workforce will not occur.


2006 ◽  
Vol 21 (1) ◽  
pp. 117-133
Author(s):  
Sally Marks

Abstract From 1920 to this day, French policy after Versailles has been termed unreasonable, but was it really? Britain and the United States thought so, and effectively deemed it simplest if France would accept defeat in the aftermath of deliverance. They mistakenly thought Germany wanted to forget the past, as they did, and they misread the power balance, exaggerating Germany's temporary prostration and France's fleeting ascendancy. Thus they feared French predominance. France worried about survival. She acted consistently to prevent a return of German predominance. France was realistic about the facts, if not always about her erstwhile allies. She was sometimes tactless and often disorganized; she clearly had failures of courage, will, propaganda, and economic insights. She knew, however, that she had not won the war and could not impose the peace alone against a largely intact Germany whose power position had been enhanced by the fragmentation of Europe. She saw that small-power alliances could not compensate for the Russian tie, that Germany was stronger, and that treaty clauses to offset that fact were mostly temporary. Thus France relied on Britain and the United States for security because without them she was lost, refusing to face mounting evidence that they were at best neutral, at worst in Germany's camp. Germany and France both concentrated on Britain in their efforts respectively to undo or preserve the Versailles treaty. Germany had the easier task, as Britain soon wanted to circumvent the treaty too. Preoccupied with imperial and economic problems, Britain feared German market competition to finance reparations and also France's dwindling military power; she was hostile to her historic foe and eager to be the fulcrum of the power balance again. Hence, seconded substantially by the United States, she tried to strengthen Germany at French expense ― a state of affairs which largely explains why France painfully progressed in five years from a determination to enforce key treaty clauses to defeated resignation. The chief battlegrounds of “the continuation of war by other means” were reparations and disarmament. The Ruhr conflict was the climax of the first battle, and the Dawes Plan embodied France's defeat. Locarno signalled both abandonment of requiring Germany's disarmament and her return to equality and diplomatic respectability. Thereafter a defeated France built the Maginot Line, tried with scant success to salvage something in the Young Plan, and clutched at straws, as in Briand's attempt to freeze the political status quo in his “European Union” scheme. France's failure stemmed partly from her own errors but primarily from Anglo-American defection. As admitting defeat or combining with Soviet Russia were politically unthinkable, she struggled on in vain, trying not to face facts. Yet her decision at the outset to accept a misnamed and fatefully moderate Armistice may have contributed to her eclipse, leaving France only the misery, not the grandeur, of victory.


2021 ◽  
pp. 031289622110251
Author(s):  
Dewan Rahman ◽  
Barry Oliver

This study links the readability of 10-K reports to insider trading profitability. Using a sample of 102,060 insider transactions in the United States between 1994 and 2016, we empirically demonstrate that less readable 10-K reports increase profitability from insider trading. Consistent with the proprietary cost argument, we also document that readability impacts on insider trading profitability are more pronounced for research and development–intensive firms, for firms facing higher product market competition and trade secrecy, and for firms with lower levels of voluntary management disclosures. Overall, this study supports the proprietary cost and strategic information asymmetry channel of readability and suggests that less readable reports lead to the exploitation of information advantages by insiders. JEL Classification: D4, G14, G34, G40


2017 ◽  
Vol 47 (6) ◽  
pp. 865-887
Author(s):  
Matías Fernández

How does one make sense of a group of migrant men who spend much of their time together over several years, share a space as well as a social position, and behave in some respects like close friends, yet do not develop stable relationships of solidarity and collective forms of self-perception? What are the micro-foundations of these precarious communities? Drawing upon eight months of ethnographic fieldwork at three day labor sites in Los Angeles, this article explores three interlocking processes that sustain one of the most radical forms of marginality in contemporary the United States. It analyzes the economic, political, and cultural dispossession of day laborers through (1) market competition, (2) the embodiment of an undocumented status, and (3) the internalization of cultural exclusion. These individualizing mechanisms are argued to truncate basic forms of mutual solidarity, producing and reproducing the precarious communities of day laborers.


2021 ◽  
Author(s):  
Stephen Glaeser ◽  
Wayne R. Landsman

We examine how product market competition affects the disclosure of innovation. Theory posits that product market competition can cause firms to increase their disclosure of innovation to deter product market competitors. Consistent with this reasoning, we find that patent applicants in more competitive industries voluntarily accelerate their patent disclosures, which are credibly disclosed via the United States Patent and Trademark Office. Our inferences are robust to using changes in industry-level import tariffs as sources of plausibly exogenous variation in product market competition in differences-in-differences designs. Consistent with patent disclosure deterring product market competitors, we find that timelier patent disclosures are more strongly associated with declines in the similarity of competitors’ products than are less timely patent disclosures. In total, our results suggest that product market competition increases patent disclosure timeliness, which is consistent with firms using the disclosure of innovation to deter product market competition.


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