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Forschungsinstitut zur Zukunft der Arbeit (IZA), Bonn >
IZA Discussion Papers, Forschungsinstitut zur Zukunft der Arbeit (IZA) >
Please use this identifier to cite or link to this item:
http://hdl.handle.net/10419/33401
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Full metadata record
| DC Field | | Value | | Language |
| dc.contributor.author | | Kaas, Leo | | en_US |
| dc.contributor.author | | Madden, Paul | | en_US |
| dc.date.accessioned | | 2006-10-06 | | en_US |
| dc.date.accessioned | | 2010-07-07T09:11:32Z | | - |
| dc.date.available | | 2010-07-07T09:11:32Z | | - |
| dc.date.issued | | 2006 | | en_US |
| dc.identifier.uri | | http://hdl.handle.net/10419/33401 | | - |
| dc.description.abstract | | We consider a labour market model of oligopsonistic wage competition and show that there is a holdup problem although workers do not have any bargaining power. When a firm invests more, it pays a higher wage in order to attract workers from competitors. Because workers participate in the returns on investment while only firms bear the costs, investment is inefficiently low. A binding minimum wage can achieve the first-best level of investment, both in the short run for a given number of firms and in the long run when the number of firms is endogenous. | | en_US |
| dc.language.iso | | eng | | en_US |
| dc.publisher | | IZA Bonn | | en_US |
| dc.relation.ispartofseries | | IZA Discussion Papers 2043 | | en_US |
| dc.subject.jel | | D43 | | en_US |
| dc.subject.jel | | J48 | | en_US |
| dc.subject.ddc | | 330 | | en_US |
| dc.subject.keyword | | holdup | | en_US |
| dc.subject.keyword | | investment | | en_US |
| dc.subject.keyword | | minimum wage | | en_US |
| dc.subject.stw | | Arbeitsmarkttheorie | | en_US |
| dc.subject.stw | | Monopolistischer Wettbewerb | | en_US |
| dc.subject.stw | | Oligopol | | en_US |
| dc.subject.stw | | Mindestlohn | | en_US |
| dc.subject.stw | | Investition | | en_US |
| dc.subject.stw | | Theorie | | en_US |
| dc.title | | Holdup in oligopsonistic labour markets: a new role for the minimum wage | | en_US |
| dc.type | | Working Paper | | en_US |
| dc.identifier.ppn | | 510105750 | | en_US |
| dc.rights | | http://www.econstor.eu/dspace/Nutzungsbedingungen | | - |
| Appears in Collections: | | IZA Discussion Papers, Forschungsinstitut zur Zukunft der Arbeit (IZA)
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