Minimum Wages for Ronald McDonald Monopsonies
A Theory of Monopsonistic Competition
Bibliographic Data
| ID | 9717082 |
|---|---|
| Authors | Bhaskar (0000-0003-3940-9420, University of Essex), V Bhaskar (University of Essex), Ted To (0000-0001-7463-3423, University of Warwick) |
| Year | 1999 |
| Volume | 109 |
| Issue | 455 |
| Pages | 190-203 |
| Publication date | 1999-04-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | The Economic Journal (JOURNAL) |
| Journal identifiers | ISSN: 0013-0133 • E-ISSN: 1468-0297 |
| Publisher | Oxford University Press (OUP) (PUBLISHER) |
| DOI | 10.1111/1468-0297.00427 |
| OpenAlex | W2131521551 |
| Language | EN |
| Citations received | 31 |
| References cited | 9 |
Recent empirical work on the effects of minimum wages has called into question the conventional wisdom that minimum wages invariably reduce employment. We develop a model of monopsonistic competition with free entry to analyse the effects of minimum wages, and our predictions fit the em-pirical results closely. Under monopsonistic competition, we find that a rise in the minimum wage a) raises employment per firm, b) causes firm exit, c) may increase or reduce industry employment. Minimum wages increase welfare if they raise industry employment, but welfare effects are ambigu-ous if employment falls
Competition (biology · Economics · Efficiency wage · Empirical evidence · Free entry · Labour economics · Market economy · Microeconomics · Minimum wage · Monopsony · Wage · Welfare · Work (physics · Firm Innovation and Growth · Labor market dynamics and wage inequality · Merger and Competition Analysis
Monopsony Power, Pay Structure, and Training
Minimum Wage Legislation, Productivity and Employment
The real thin theory
Publication Selection Bias in Minimum‐Wage Research? A Meta‐Regression Analysis
Strategic Wage Posting, Market Power, and Mismatch
Monopsony in the Low-Wage Labor Market? Evidence from Minimum Nurse Staffing Regulations
Effort and Comparison Income
A Hotelling model with production
Does a higher minimum wage accelerate labour division in agricultural production? Evidence from the main rice-planting area in China
Labor market traps
Trading off wage for workplace safety? Gaps between immigrants and natives in Italy
Antitrust Remedies for Labor Market Power
Optimal Minimum Wage in the Classic Labor Supply-and-Demand Paradigm
Labor market competitiveness and the size of the informal sector
Inequality, neighbourhoods and welfare of the poor
Productivity, non-compliance and the minimum wage
Labour (im)mobility and monopsonistic exploitation of workers in the urban informal sector
The Gender Pay Gap Under Duopsony
Is There a Gap in the Gap? Regional Differences in the Gender Pay Gap
Turning a Blind Eye
Monopsony power in the United States
The impact of public transportation and commuting on urban labor markets
A Pareto‐improving Minimum Wage
A Generalised Model of Monopsony
Employer Responses to a City-Level Minimum Wage Mandate
The Impact of the 1896 Factory and Shops Act on the Labor Market of Victoria, Australia
The Geographies of the National Minimum Wage
Oligopsony and Monopsonistic Competition in Labor Markets
Is There Monopsonistic Discrimination against Immigrants
The Impact of Minimum Wages on Employment in a Low-Income Country
Institutional Economics and the Minimum Wage
Wage Differentials, Employer Size, and Unemployment
Chapter 12 The theory of equalizing differences
Minimum Wages and Employment
Monopolistic Competition with Outside Goods
Myth and Measurement
The Effects of Minimum Wages on Wage Dispersion and Employment
Using Regional Variation in Wages to Measure the Effects of the Federal Minimum Wage
Do Minimum Wages Reduce Employment? A Case Study of California, 1987-89
Employment Effects of Minimum and Subminimum Wages
| Unique citing works | 31 |
|---|---|
| Citations per year | 1,15 |
| Citation span | 1999 - 2026 (28) |
| Citation velocity | current |
| Highly cited | No |
| Citation types | Neutral: 29 |