Add to ORKGWith nominal wage rigidities, it is crucial to distinguish whether wages are set by workers or firms -- whether we have monopoly or monopsony power. This paper provides a model of wage bargaining in the labour market where workers have monopoly power over firms, but firms also have monopsony power over workers, and the model also features nominal wage rigidities. When employees have all the bargaining power (monopoly), the wage is above the competitive equilibrium, and the Phillips Curve is upward sloping. When employers have all the bargaining power (monopsony), the wage is below the competitive equilibrium, and the PC is downward sloping. In equilibrium, the wage level and the slope of the Phillips Curve depends on the bargaining power of...
Although interest in monopsonistic influences on labor market outcomes has revived in recent years, ...
Recent empirical work on the effects of minimum wages has called into question the conventional wisd...
Wage and price formation are analysed in a general equilibrium model combining wage bargaining, mono...
With nominal wage rigidities, it is crucial to distinguish whether wages are set by workers or firms...
This paper identifies three possible outcomes of higher relative firm bargaining power in a unionize...
A monopsony model of the labour market is developed where wages and the effort level are chosen by ...
JEL Classification: J30 A monopsony model of the labour market is developed where wages and the effo...
In this study, we perform an assessment of the level of monopsony power in the Portuguese la-bor mar...
‘Monopsony and Labour Demand’ might strike many as a contradiction in terms as monopsony is often th...
In this paper we analyse an economy where firms use labour as the only production factor, with const...
Economists increasingly refer to monopsony power to reconcile the absence of negative employment eff...
A simple supply and demand argument apparently shows that minimum wage policy, ironically, hurts th...
SIGLEAvailable from British Library Document Supply Centre- DSC:3597.1206(LSE-CEP-DP--62) / BLDSC - ...
Abstract This paper combines the efficiency wage and union-firm bargaining approaches to wage determ...
We argue that models of oligopsony or monopsonistic competition provide insights and explanation for...
Although interest in monopsonistic influences on labor market outcomes has revived in recent years, ...
Recent empirical work on the effects of minimum wages has called into question the conventional wisd...
Wage and price formation are analysed in a general equilibrium model combining wage bargaining, mono...
With nominal wage rigidities, it is crucial to distinguish whether wages are set by workers or firms...
This paper identifies three possible outcomes of higher relative firm bargaining power in a unionize...
A monopsony model of the labour market is developed where wages and the effort level are chosen by ...
JEL Classification: J30 A monopsony model of the labour market is developed where wages and the effo...
In this study, we perform an assessment of the level of monopsony power in the Portuguese la-bor mar...
‘Monopsony and Labour Demand’ might strike many as a contradiction in terms as monopsony is often th...
In this paper we analyse an economy where firms use labour as the only production factor, with const...
Economists increasingly refer to monopsony power to reconcile the absence of negative employment eff...
A simple supply and demand argument apparently shows that minimum wage policy, ironically, hurts th...
SIGLEAvailable from British Library Document Supply Centre- DSC:3597.1206(LSE-CEP-DP--62) / BLDSC - ...
Abstract This paper combines the efficiency wage and union-firm bargaining approaches to wage determ...
We argue that models of oligopsony or monopsonistic competition provide insights and explanation for...
Although interest in monopsonistic influences on labor market outcomes has revived in recent years, ...
Recent empirical work on the effects of minimum wages has called into question the conventional wisd...
Wage and price formation are analysed in a general equilibrium model combining wage bargaining, mono...