This study investigates how labour market power shapes between-firm wage differences using German manufacturing sector data from 1995 to 2016. Over time, firm- and employee-side labour market power, defined as the difference between wages and marginal revenue products of labour (MRPL),...

This study investigates how labour market power shapes between-firm wage differences using German manufacturing sector data from 1995 to 2016. Over time, firm- and employee-side labour market power, defined as the difference between wages and marginal revenue products of labour (MRPL),...

In this paper we aim, first, to examine how an economy's financial development affects the welfare gains from trade and, second, to uncover how large firms threaten to suppress these gains, through the exertion of market power and their confirmed preferential access to liquidity. To this...