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Inequality and Market Concentration, when Shareholding is More Skewed than Consumption
Gans, Joshua - 2018
Economic theory suggests that monopoly prices hurt consumers but benefit shareholders. But in a world where individuals … or households can be both consumers and shareholders, the impact of market power on inequality depends in part on the …
Persistent link: https://www.econbiz.de/10012906559
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Inequality and Market Concentration, When Shareholding is More Skewed than Consumption
Gans, Joshua S. - 2019
Economic theory suggests that monopoly prices hurt consumers but benefit shareholders. But in a world where individuals … or households can be both consumers and shareholders, the impact of market power on inequality depends in part on the …
Persistent link: https://www.econbiz.de/10012892178
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Inequality and Market Concentration, When Shareholding is More Skewed than Consumption
Gans, Joshua S. - 2019
Economic theory suggests that monopoly prices hurt consumers but benefit shareholders. But in a world where individuals … or households can be both consumers and shareholders, the impact of market power on inequality depends in part on the …
Persistent link: https://www.econbiz.de/10012896788
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Inequality and market concentration, when shareholding is more skewed than consumption
Gans, Joshua; Leigh, Andrew; Schmalz, Martin C.; … - 2018
Economic theory suggests that monopoly prices hurt consumers but benefit shareholders. But in a world where individuals … or households can be both consumers and shareholders, the impact of market power on inequality depends in part on the …
Persistent link: https://www.econbiz.de/10011942732
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Inequality and market concentration, when shareholding is more skewed than consumption
Gans, Joshua; Leigh, Andrew; Schmalz, Martin C.; … - 2018
Economic theory suggests that monopoly prices hurt consumers but benefit shareholders. But in a world where individuals … or households can be both consumers and shareholders, the impact of market power on inequality depends in part on the …
Persistent link: https://www.econbiz.de/10011958679
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Distributional effects of competition: a simulation approach
Rodríguez-Castelán, Carlos; Araar, Abdelkrim; … - 2021
Understanding the economic and social effects of the recent global trends of rising market concentration and market power has become a policy priority. To fill this knowledge gap, this paper introduces a simple simulation method, the Welfare and Competition tool (WELCOM), to estimate with...
Persistent link: https://www.econbiz.de/10012418634
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Inequality and Market Concentration, When Shareholding is More Skewed than Consumption
Gans, Joshua S. - 2018
Economic theory suggests that monopoly prices hurt consumers but benefit shareholders. But in a world where individuals … or households can be both consumers and shareholders, the impact of market power on inequality depends in part on the …
Persistent link: https://www.econbiz.de/10012906305
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Inequality and Market Concentration, When Shareholding is More Skewed than Consumption
Gans, Joshua - 2018
Economic theory suggests that monopoly prices hurt consumers but benefit shareholders. But in a world where individuals … or households can be both consumers and shareholders, the impact of market power on inequality depends in part on the …
Persistent link: https://www.econbiz.de/10012481042
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Efficient wage bargaining in a dynamic macroeconomic model
Böhm, Volker; Claas, Oliver - 2012
This paper analyzes the implications of bilateral bargaining over wages and employment between a producer and a union representing a finite number of identical workers in a monetary macroeconomic model of the AS--AD type with government activity. Wages and aggregate employment levels are set...
Persistent link: https://www.econbiz.de/10009514990
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Monopsony Theory Revisited
Méra, Xavier - 2017
Standard monopsony theory, old and new, lacks a realistic criterion to distinguish between monopsony and competitive … the elasticity of the demand schedules for their products, can be altered as a result of coercion, lead to a theory of …
Persistent link: https://www.econbiz.de/10012956999