own workers to pay lower wages; and 2. Monopoly, where dominant firms charge too high prices for what they sell, which …Wages for the vast majority of workers have stagnated since the 1980s while productivity has grown. We investigate two … lowers production and the demand for labor, and hence equilibrium wages economy-wide. Using establishment data from the US …

on costs of oil dependence. -- Dynamic Bilateral Monopoly ; Markov-Perfect Equilibrium ; Depletable Resources ; Energy …

, abatement effort made by the monopoly and social welfare comparing two alternative policy games. The first game assumes that the …