Eckardt, Marcel Steffen ; Neugart, Michael (2022):
Policy complementarities to curb market power and raise real wages.
In: Economics Letters, 212, p. 110336. ISSN 0165-1765,
DOI: 10.1016/j.econlet.2022.110336,
[Article]
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 |
| Title: | Policy complementarities to curb market power and raise real wages |
| Language: | English |
| 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. |
| Journal or Publication Title: | Economics Letters |
| Volume of the journal: | 212 |
| 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 |
| DOI: | 10.1016/j.econlet.2022.110336 |
| URL / URN: | https://www.sciencedirect.com/science/article/pii/S016517652... |
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