Employment Protection and Product Market Competition
研究发现，面临就业保护的企业会比没有此类限制的对手更激烈地捍卫其市场地位，但事前可能更不愿扩张；在竞争基准情形下，防御效应占主导，受保护企业平均市场地位更强。
Abstract A firm facing employment protection will defend its market position more fiercely than a rival firm operating without such restrictions. However, ex ante such firms may be more reluctant to expand. For the benchmark case of contest competition, the defensive effect dominates. A firm facing employment protection has a stronger average market position.