Engelmann, Dirk; Kübler, Dorothea - Sonderforschungsbereich 649: Ökonomisches Risiko, … - 2008
In order to address the impact of regulation on ethical concerns of consumers, we study the effect of a minimum wage. In our experimental market, consumers have monopsony power, firms engage in Bertrand competition, and workers are passive recipients of a wage payment. Two treatments are...