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http://hdl.handle.net/10419/35125
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| Title: | | Minimum wages and welfare in a hotelling duopsony  |
| Authors: | | Kaas, Leo Madden, Paul |
| Issue Date: | | 2008 |
| Series/Report no.: | | IZA Discussion Papers 3434 |
| Abstract: | | Two firms choose locations (non-wage job characteristics) on the interval [0,1] prior to announcing wages at which they employ workers who are uniformly distributed; the (constant) marginal revenue products of workers may differ. Subgame perfect equilibria of the two-stage location-wage game are studied under laissez-faire and under a minimum wage regime. Up to a restriction for the existence of pure strategy equilibria, the imposition of a minimum wage is always welfare-improving because of its effect on non-wage job characteristics. |
| Subjects: | | Hotelling duopsony minimum wages |
| JEL: | | D43 |
| Persistent Identifier of the first edition: | | urn:nbn:de:101:1-2008040997 |
| Document Type: | | Working Paper |
| Appears in Collections: | | IZA Discussion Papers, Forschungsinstitut zur Zukunft der Arbeit (IZA)
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