Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/105769
Authors: 
Guy, Frederick
Skott, Peter
Year of Publication: 
2013
Series/Report no.: 
Working Paper, University of Massachusetts, Department of Economics 2013-09
Abstract: 
Technology can affect the distribution of income directly via its influence on both the bargaining power of different parties and the marginal product of different factors of production. This paper focuses mainly on the first route. The role of power is transparent in the case of medieval choke points but modern network technologies have similar features. There is also substantial evidence -- from truckers and retail clerks to CEOs -- that power affects the determination of wages. But power relations inevitably have institutional dimensions; regulatory frameworks influence industry structures and the market power of large companies as well as the parameters that determine the earnings of different groups of workers. The institutional framework is arrived at through complex social and political processes; technology, however, may exert some influence on the course of those processes.
Subjects: 
Power biased technological change
network technologies
increasing returns
winnertakes- all
efficiency wage
Fordism
information technology
Great Compression
JEL: 
O33
J31
Document Type: 
Working Paper

Files in This Item:
File
Size
273.11 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.