Aaronson, Daniel (contributor); French, Eric (contributor) - 2003 - [Elektronische Ressource]
consumers in the form of higher prices. Whereas the competitive model implies that employment falls and prices rise in response … to an increase in the minimum wage, the monopsony model potentially implies that employment can rise and prices fall in … response to an increase in the minimum wage. Previous research shows that prices rise in response to an increase in the minimum …
