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Inequality and market concentration, when shareholding is more skewed than consumption

Gans, Joshua; Leigh, Andrew; Schmalz, Martin C.; … - 2018

Economic theory suggests that monopoly prices hurt consumers but benefit shareholders. But in a world where individuals …

Persistent link: https://www.econbiz.de/10011958679

Employer market power in Silicon Valley

Gibson, Matthew - 2021

Adam Smith alleged that secret employer collusion to reduce labor earnings is common. This paper examines an important case of such behavior: no-poach agreements through which technology companies agreed not to compete for each other’s workers. Exploiting the plausibly exogenous timing of a US...

Persistent link: https://www.econbiz.de/10012698177

The dynamics of power in labor markets : monopolistic unions versus monopsonistic employers

Samuel Dodini, Samuel; Salvanes, Kjell G.; Willén, … - 2022

This paper brings together the modern research on employer power and employee power by empirically examining the effects of unionization on worker earnings, employment, and inequality across differently concentrated markets. Exploiting national tax reforms to union membership dues as exogenous...

Persistent link: https://www.econbiz.de/10013415467

Competition vs. monopoly in the religious marketplace : Judaism in the United States and Israel

Chiswick, Carmel Ullman - 2013

ideas. The "Sacred Canopy" paradigm views it necessary for social stability to grant monopoly power to an official state …. Judaism in Israel illustrates the outcome in a monopoly experiencing potential competition, possibly leading to an oligopoly … structure. -- religion ; religious marketplace ; new paradigm ; monopoly ; competition ; Judaism …

Persistent link: https://www.econbiz.de/10009699440

Rottenberg and the economics of sport after 50 years : an evaluation

Sloane, Peter J. (contributor) - 2006

. -- sport ; monopsony ; monopoly power …

Persistent link: https://www.econbiz.de/10003339770

Firm market power and the earnings distribution

Webber, Douglas A. - 2013

Using linked employer-employee data, I compute firm-level measures of the labor supply elasticity facing each private non-farm firm in the US. I provide the first direct evidence of the positive relationship between a firm's labor supply elasticity and the earnings of its workers. I also...

Persistent link: https://www.econbiz.de/10009730795

The fall of the labor share and the rise of superstar firms

Autor, David H.; Dorn, David; Katz, Lawrence F.; … - 2017

The fall of labor's share of GDP in the United States and many other countries in recent decades is well documented but its causes remain uncertain. Existing empirical assessments of trends in labor's share typically have relied on industry or macro data, obscuring heterogeneity among firms. In...

Persistent link: https://www.econbiz.de/10011647664

Concentrating on the fall of the labor share

Autor, David H.; Dorn, David; Katz, Lawrence F.; … - 2017

The recent fall of labor's share of GDP in numerous countries is well-documented, but its causes are poorly understood. We sketch a "superstar firm" model where industries are increasingly characterized by "winner take most" competition, leading a small number of highly profitable (and low labor...

Persistent link: https://www.econbiz.de/10011612751

Playing "hard to get" : an economic rationale for crowding out of intrinsically motivated behavior

Schnedler, Wendelin; Vanberg, Christoph - 2014

Anecdotal, empirical, and experimental evidence suggests that offering extrinsic rewards for certain activities can reduce people's willingness to engage in those activities voluntarily. We propose a simple rationale for this "crowding out" phenomenon, using standard economic arguments. The...

Persistent link: https://www.econbiz.de/10010345273

Rising concentration and wage inequality

Cortes, Guido Matias; Tschopp, Jeanne - 2020

Wage inequality has risen in many countries over recent decades. At the same time, production has become increasingly concentrated in a small number of firms. In this paper, we show that these two phenomena are linked. Theoretically, we show that shocks that increase concentration will also lead...

Persistent link: https://www.econbiz.de/10012257969