| Autor: |
Šuvaković Đorđe, Olgin, Radosavljević Goran |
| Jazyk: |
angličtina |
| Rok vydání: |
2007 |
| Předmět: |
|
| Zdroj: |
Ekonomski Anali, Vol 52, Iss 173, Pp 7-35 (2007) |
| Druh dokumentu: |
article |
| ISSN: |
0013-3264 |
| DOI: |
10.2298/EKA0773007S |
| Popis: |
This paper compares the efficiency of profit- and wage-maximizing (PM and WM) monopsony in the labor market. We show that, both locally and globally, a PM monopsony may well be dominated by its WM twin, where the local and global dominance are defined with respect to a single (inverse) labor supply function and a single family of such functions. This family is always divided in the two disjoint (sub)families of the PM and WM dominance. We also analyze some major factors that explain the size of these (sub)families. . |
| Databáze: |
Directory of Open Access Journals |
| Externí odkaz: |
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