Difference between revisions of "Firm Market Power and the Earnings Distribution"
From Critiques Of Libertarianism
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| − | {{DES | des = [[Market Power|Market power]], a form of market failure, produces a positive relationship between a firm's labor supply elasticity and the earnings of its workers. This paper provides empirical evidence measuring market power and showing that employers with more power pay lower wages. | show=}} | + | {{DES | des = [[Market Power|Market power]], a form of [[Market Failure|market failure]], produces a positive relationship between a firm's labor supply elasticity and the earnings of its workers. This paper provides empirical evidence measuring market power and showing that employers with more power pay lower wages. | show=}} |
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