The wage curve and local monopsony power
نویسندگان
چکیده
منابع مشابه
Local Monopsony and Free Riders
In an industry with upstream economies of scale in the distribution of differentiated products to retailers which have monopoly power within separate local market areas, the retailers have an incentive to exert monopsony power due to the divergence between average and marginal costs in the distribution of those inputs. The retailers increase their ability to exert monopsony power by forming coa...
متن کاملThe Wage Curve and the Phillips Curve
Blanchflower and Oswald (1994) have argued that, in regional data, the level of unemployment is related to the fevel of wages. This result is at variance with an application of the original Phillips curve to regional data, which would predict that the change in wages ought to be related to the unemployment rate. On the other hand, there is considerable empirical support for the expectations-aug...
متن کاملWORKING PAPER SERIES No. 8/2004 WAGE BARGAINING AND MONOPSONY
This paper identifies three possible outcomes of higher relative firm bargaining power in a unionized firm facing an upward sloping labor supply curve. The conventional regime with reduced wage and higher employment corresponds to firm bargaining power below a certain critical value. A supply constrained regime where increased firm bargaining power reduces both wages and employment occurs when ...
متن کاملSearch theory and the wage curve *
This paper investigates whether a search theoretic model can explain the wage curve, that is, a negative relationship between regional wages and regional unemployment rates, even if the workers are mobile between regions. We show that a simple search model if combined with regional variations in productivity and with a monocentric city structure produces the wage curve. 2000 Elsevier Science ...
متن کاملReal Wage Dynamics and the Phillips Curve
Since Friedman (1968), the traditional derivation of the accelerationist Phillips curve has related expected real wage inflation to the unemployment rate and then invoked markup pricing and adaptive expectations to generate the accelerationist price inflation equation. Blanchflower and Oswald (1994) have argued that microeconomic evidence of a low autoregression coefficient in real wage regress...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: The Annals of Regional Science
سال: 2019
ISSN: 0570-1864,1432-0592
DOI: 10.1007/s00168-019-00966-3