own workers to pay lower wages; and 2. Monopoly, where dominant firms charge too high prices for what they sell, which … Census Bureau between 1997 and 2016, we find evidence of both monopoly and monopsony, where the former is rising over this … period and the latter is stable. Both contribute to the decoupling of productivity and wage growth, with monopoly being the …

monopoly. But no matter how market power is exerted, all Kyoto-constrained Annex 1 regions are better off with emissions …

We propose a theory of how market power affects wage inequality. We ask how goods and labor market power jointly affect …