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Article: Monopoly, employment and wages

TitleMonopoly, employment and wages
Authors
KeywordsJob-matching
Monopoly pricing
Unemployment
Wages
Issue Date2002
PublisherElsevier BV. The Journal's web site is located at http://www.elsevier.com/locate/labeco
Citation
Labour Economics, 2002, v. 9 n. 5, p. 681-697 How to Cite?
AbstractThis paper shows that monopoly in the capital equipment market results in higher productivity and wages but lower employment in comparison with the benchmark of competition. The combined effect on workers' welfare is negative, for expected earnings (defined as the product of the probability of employment and the wage earned when employed) are lowered. Indeed, low skill workers suffer relatively greater declines in employment and expected earnings. Furthermore, the employment and expected earnings of all workers, as well as the employment of low skill workers relative to high skill workers, are all decreasing in the relative supply of high skill workers. © 2002 Elsevier Science B.V. All rights reserved.
Persistent Identifierhttp://hdl.handle.net/10722/85601
ISSN
2015 Impact Factor: 0.899
2015 SCImago Journal Rankings: 1.127
ISI Accession Number ID
References

 

DC FieldValueLanguage
dc.contributor.authorTse, CYen_HK
dc.date.accessioned2010-09-06T09:07:02Z-
dc.date.available2010-09-06T09:07:02Z-
dc.date.issued2002en_HK
dc.identifier.citationLabour Economics, 2002, v. 9 n. 5, p. 681-697en_HK
dc.identifier.issn0927-5371en_HK
dc.identifier.urihttp://hdl.handle.net/10722/85601-
dc.description.abstractThis paper shows that monopoly in the capital equipment market results in higher productivity and wages but lower employment in comparison with the benchmark of competition. The combined effect on workers' welfare is negative, for expected earnings (defined as the product of the probability of employment and the wage earned when employed) are lowered. Indeed, low skill workers suffer relatively greater declines in employment and expected earnings. Furthermore, the employment and expected earnings of all workers, as well as the employment of low skill workers relative to high skill workers, are all decreasing in the relative supply of high skill workers. © 2002 Elsevier Science B.V. All rights reserved.en_HK
dc.languageengen_HK
dc.publisherElsevier BV. The Journal's web site is located at http://www.elsevier.com/locate/labecoen_HK
dc.relation.ispartofLabour Economicsen_HK
dc.rightsLabour Economics. Copyright © Elsevier BV.en_HK
dc.rightsCreative Commons: Attribution 3.0 Hong Kong License-
dc.rightsNOTICE: this is the author’s version of a work that was accepted for publication in <Labour Economics>. Changes resulting from the publishing process, such as peer review, editing, corrections, structural formatting, and other quality control mechanisms may not be reflected in this document. Changes may have been made to this work since it was submitted for publication. A definitive version was subsequently published in PUBLICATION, [VOL 9, ISSUE 5, (2002)] DOI http://dx.doi.org/10.1016/S0927-5371(02)00057-X-
dc.subjectJob-matchingen_HK
dc.subjectMonopoly pricingen_HK
dc.subjectUnemploymenten_HK
dc.subjectWagesen_HK
dc.titleMonopoly, employment and wagesen_HK
dc.typeArticleen_HK
dc.identifier.openurlhttp://library.hku.hk:4550/resserv?sid=HKU:IR&issn=0927-5371&volume=9&spage=681&epage=697&date=2002&atitle=Monopoly,+Employment+and+Wagesen_HK
dc.identifier.emailTse, CY: cytse@hkucc.hku.hken_HK
dc.identifier.authorityTse, CY=rp01099en_HK
dc.description.naturepostprint-
dc.identifier.doi10.1016/S0927-5371(02)00057-Xen_HK
dc.identifier.scopuseid_2-s2.0-0036837390en_HK
dc.identifier.hkuros80472en_HK
dc.relation.referenceshttp://www.scopus.com/mlt/select.url?eid=2-s2.0-0036837390&selection=ref&src=s&origin=recordpageen_HK
dc.identifier.volume9en_HK
dc.identifier.issue5en_HK
dc.identifier.spage681en_HK
dc.identifier.epage697en_HK
dc.identifier.isiWOS:000178774500006-
dc.publisher.placeNetherlandsen_HK
dc.identifier.scopusauthoridTse, CY=7103295092en_HK

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