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We estimate the effects of employer tenure on wages using the instrumental variable (IV) methodology by analyzing data from the Japan Household Panel Survey and Keio Household Panel Survey from 2004 to 2014. We find that the estimates based on the IV method, which corrects for omitted variable...
This paper investigates conditions under which the downstream firm can benefit from cost disadvantages arose from upstream sector. We consider a vertically related industry consisting of two upstream firms (a specific input supplier and a common input supplier) and one multi-product downstream...
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