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The Dynamics of Power in Labor Markets : Monopolistic Unions Versus Monopsonistic Employers
Dodini, Samuel; Salvanes, Kjell G.; Willén, Alexander - 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/10014243910
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Competing with Asking Prices
Lester, Benjamin R. - 2013
In many markets, sellers advertise their good with an asking price. This is a price at which the seller is willing to take his good off the market and trade immediately, though it is understood that a buyer can submit an offer below the asking price and that this offer may be accepted if the...
Persistent link: https://www.econbiz.de/10013087422
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The Price of Polarization : Estimating Task Prices Under Routine-Biased Technical Change
Böhm, Michael J. - 2017
The debate about the impact of routine-biased technical change on wages revolves around the question whether occupational or overall wage distributions polarized. This paper instead argues that routine task prices should decline compared to abstract and manual task prices. I propose a new...
Persistent link: https://www.econbiz.de/10012940837
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Use and Abuse of Authority : A Behavioral Foundation of the Employment Relation
Bartling, Björn - 2012
, endogenous formation of efficient long-run employment relations. Our results inform the theory of the firm by showing how …
Persistent link: https://www.econbiz.de/10013096768
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Regulation, Trust, and Cronyism in Middle Eastern Societies : The Simple Economics of 'Wasta'
Barnett, Andy - 2013
Despite being a fixture of everyday life in the Arab world, wasta, which may be thought of as special influence by members of the same group or tribe, has received little attention from social scientists. Our casual empiricism suggests that wasta is an important determinant of how economic...
Persistent link: https://www.econbiz.de/10013086661
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Resource Allocation and Firm Scope
Friebel, Guido; Raith, Michael - 2021
We develop a theory of firm scope in which integrating two firms into one facilitates the allocation of resources, but … leads to weaker incentives for effort, compared with nonintegration. Our theory makes minimal assumptions about the … integration or non-integration is optimal. Our theory thus provides a simple answer to Williamson's "selective …
Persistent link: https://www.econbiz.de/10013317478
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Coordination of Hours within the Firm
Labanca, Claudio; Pozzoli, Dario - 2023
Although coworkers are spending an increasing share of their working time interacting with one another, little is known about how the coordination of hours among heterogenous coworkers affects pay, productivity and labor supply. In this paper, we use linked employer-employee data on hours worked...
Persistent link: https://www.econbiz.de/10014357207
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Internal Adjustment Costs of Firm-Specific Factors and the Neoclassical Theory of the Firm
Chetty, V. K.; Heckman, James J. - 2022
This paper considers the consequences of a two-sector vertically-integrated model of firms producing output using firm-specific capital with a second sector producing firm-specific capital by adapting raw capital purchased in the market. Analysts rarely observe each sector separately....
Persistent link: https://www.econbiz.de/10014241682
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Competition vs. Monopoly in the Religious Marketplace : Judaism in the United States and Israel
Chiswick, Carmel U. - 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 …
Persistent link: https://www.econbiz.de/10013087384
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Wages, Hires, and Labor Market Concentration
Marinescu, Ioana Elena - 2020
.9%, as hypothesized by monopsony theory. Based on a simple merger simulation, we find that a merger between the top two …
Persistent link: https://www.econbiz.de/10012833879