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A Microeconomic Analysis of Slavery in Comparison to Free Labor Economies
Ergin, Haluk I.; Sayan, Serdar - EconWPA - 1997
In addition to supervision costs, the labor cost of an enterprise (plantation) in the system of slavery consists of the cost of acquiring the slaves and the subsistence compensation given out to the slaves. In this paper, we leave aside the issue of supervision costs previously taken up in the...
Persistent link: https://www.econbiz.de/10005124972
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Non-Profits and Price-Fixing: The Case of the Ivy League
Netz, Janet S. - EconWPA - 1998
awards achieves broadly the same effects as does tacit collusion. …
Persistent link: https://www.econbiz.de/10005134448
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Minimum Wages for Ronald McDonald Monopsonies: A Theory of Monopsonistic Competition
Bhaskar, V.; To, Ted - EconWPA - 1996
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 \emph{monopsonistic competition} with \emph{free entry} to analyze the effects of minimum wages, and our predictions fit...
Persistent link: https://www.econbiz.de/10005556798
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Oligopsony and the Distribution of Wages
Bhaskar, V.; To, Ted - EconWPA - 1999
A number of theories (search and efficiency wages) have been developed, in part, to explain why identically able workers are often paid different wages. However, when there is a minimum wage, they do not explain the resulting ``spike" in the wage distribution. Our model's predictions are...
Persistent link: https://www.econbiz.de/10005556812
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Low-wage employment in Portugal: a mixed logit approach
Barros, Carlos; Proenca, Isabel; Vieira, Jose Cabral - EconWPA - 2005
In this paper, we examine the determinants of low-wage employment in Portugal. For this purpose, we use a data file of the European Community Household Panel (ECHP) for the years 1998 and 1999. In order to take into account unobserved heterogeneity in the data, a random-parameter logit model is...
Persistent link: https://www.econbiz.de/10005076516
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Optimal Unemployment Insurance with Variable Skill Levels
Pollak, Andreas - EconWPA - 2004
I study the consequences of heterogeneity of skills for the design of an optimal unemployment insurance, using a principal-agent set-up with a risk neutral insurer and infinitely lived risk averse agents. Agents, who are characterised by different productivities or skills, are employed by firms...
Persistent link: https://www.econbiz.de/10005408328
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Estimating a Life Cycle Model with Unemployment and Human Capital Depreciation
Pollak, Andreas - EconWPA - 2005
I estimate a life cycle model of consumption choice with unemployment risk. Employed individuals face the risk of losing their job. Unemployed agents receive job random offers of different quality, which they can accept or reject. Following the loss of a job and during unemployment, an agent’s...
Persistent link: https://www.econbiz.de/10005119102
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Advantageous or Disadvantageous Semi-collusion Licensing in a Vertically Separated Industry
Mukherjee, Arijit - EconWPA - 2002
This paper compares profits and consumer surplus under non-cooperation and collusion in the product market when the …-cooperation or product market collusion depends on the R\&D productivity. If the market size is sufficiently small then firms are … always better off under product market collusion. If the market size is moderate (relatively large) then the firms are better …
Persistent link: https://www.econbiz.de/10005412980
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The Effects of the Minimum Wage on Prices in Brazil
Lemos, Sara - EconWPA - 2004
There is very little evidence on the effects of the minimum wage on prices in the international literature and none whatsoever for developing countries. This paper analyzes the effects of the minimum wage on prices using monthly Brazilian household and price data from 1982 to 2000 aggregated at...
Persistent link: https://www.econbiz.de/10005076509
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A Menu Of Minimum Wage Variables For Evaluating Wages and Employment Effects: Evidence From Brazil
Lemos, Sara - EconWPA - 2004
The international literature on minimum wage greatly lacks empirical evidence from developing countries. Brazil’s minimum wage policy is a distinctive and central feature of the Brazilian economy. Not only are increases in the minimum wage large and frequent but also the minimum wage has been...
Persistent link: https://www.econbiz.de/10005076541