Bhasker, V. (contributor); To, Ted (contributor) - 2003 - [Elektronische Ressource]
. Wealsofindthatthewelfareeffectofasmallminimum
wage is unambiguously positive.
Keywords: monopsonistic competition, labor theory, minimum wages, monopsony
JEL … workplace, etc.
The importance of non-wage characteristics has been recognized in the theory of com-
pensating differentials …, which is a theory of vertical differentiation. Some jobs are good
while other jobs are bad, and wage differentials …