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Policy complementarities to curb market power and raise real wages

Eckardt, Marcel Steffen ; Neugart, Michael (2022)
Policy complementarities to curb market power and raise real wages.
In: Economics Letters, 212
doi: 10.1016/j.econlet.2022.110336
Article, Bibliographie

Abstract

Recent evidence suggests that anti-competitive behavior of firms negatively affects workers’ real wages. Typically, policy actions relate to antitrust regulation and rarely to measures that curb employers’ monopsony power. We show that policymakers who want to raise workers’ real wages should address both types of market power simultaneously to gain from a policy complementarity.

Item Type: Article
Erschienen: 2022
Creators: Eckardt, Marcel Steffen ; Neugart, Michael
Type of entry: Bibliographie
Title: Policy complementarities to curb market power and raise real wages
Language: English
Date: 2022
Journal or Publication Title: Economics Letters
Volume of the journal: 212
DOI: 10.1016/j.econlet.2022.110336
URL / URN: https://www.sciencedirect.com/science/article/pii/S016517652...
Abstract:

Recent evidence suggests that anti-competitive behavior of firms negatively affects workers’ real wages. Typically, policy actions relate to antitrust regulation and rarely to measures that curb employers’ monopsony power. We show that policymakers who want to raise workers’ real wages should address both types of market power simultaneously to gain from a policy complementarity.

Uncontrolled Keywords: Policy complementarity, Market power, Monopolistic competition, Monopsony power, Antitrust policy
Divisions: 01 Department of Law and Economics
01 Department of Law and Economics > Volkswirtschaftliche Fachgebiete
01 Department of Law and Economics > Volkswirtschaftliche Fachgebiete > Fachgebiet Finanzwissenschaft und Wirtschaftspolitik
Date Deposited: 21 Feb 2022 06:22
Last Modified: 21 Feb 2022 06:22
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