Minimum wage increases can lead to wage reductions by imperfectly competitive firms

DOI10.1016/J.ECONLET.2005.12.004zbMath1254.91317OpenAlexW2112464257MaRDI QIDQ1929106

Leo Kaas, Ken Clark, Paul J. Madden

Publication date: 7 January 2013

Published in: Economics Letters (Search for Journal in Brave)

Full work available at URL: http://nbn-resolving.de/urn:nbn:de:bsz:352-opus-88643

zbMATH Keywords

oligopolyminimum wagesoligopsony

Mathematics Subject Classification ID

Production theory, theory of the firm (91B38) Auctions, bargaining, bidding and selling, and other market models (91B26)

Cites Work

• Elastic demand, sunk costs and the Kreps-Scheinkman extension of the Cournot model
• A new model of equilibrium involutary unemployment

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