Monopsonistic Competition in Formal and Informal Labor Markets
نویسندگان
چکیده
منابع مشابه
Oligopsony and Monopsonistic Competition in Labor Markets
S ince its genesis in industrial organization and the theory of the firm, models of imperfect competition have permeated many fields of economics ranging from international trade to macroeconomics to public finance. For example, in the 1980s, the introduction of product market imperfections revolutionized our understanding of trade policies and comparative advantage (Brander and Spencer, 1985; ...
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With the recent special issue of the Journal of Labor Economics on the topic, the concept of monopsony in the labor market seems to have achieved a new respectability as a formulation of wage setting institutions in labor markets. (See Ashenfelter, Farber, Ransom (2010) for a summary.) However, in the "new monopsony" literature, the market environment is not one in which a single buyer faces a ...
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We set out a model of monopsonistic competition, where each employer competes equally with every other employer. The employment effects of minimum wages depend on the degree of distortion in the labor market. If fixed costs per firm are high then the labor market is relatively non-competitive and minimumwages increase employment. Conversely, low fixed costs make for a more competitive labor mar...
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Title of dissertation: THE BUSINESS CYCLE CONSEQUENCES OF INFORMAL LABOR MARKETS Alan Finkelstein Shapiro Doctor of Philosophy, 2013 Dissertation directed by: Professor S. Borağan Aruoba Professor John C. Haltiwanger Department of Economics This dissertation explores the connection between the structure of labor markets and business cycle dynamics, with a focus on informality. The first chapter...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2008
ISSN: 1556-5068
DOI: 10.2139/ssrn.1084675