Sell, Friedrich L.; Reinisch, David C. - Fakultät für Wirtschafts- und … - 2012
with an extension of employment, production and a likely decrease of prices. Thisfinding contrasts the bad outcomes of … minimum wages predicted by the model of full competition in the labour market. However, these results were derived in … - if needed - labour. Hence, if capital intensity is significant and the elasticity of substitution between labour and …