Policy complementarities to curb market power and raise real wages

被引:1
|
作者
Eckardt, Marcel Steffen [1 ]
Neugart, Michael [1 ]
机构
[1] Tech Univ Darmstadt, Dept Law & Econ, Hochschulstr 1, D-64289 Darmstadt, Germany
关键词
Policy complementarity; Market power; Monopolistic competition; Monopsony power; Antitrust policy; LABOR; COMPETITION;
D O I
10.1016/j.econlet.2022.110336
中图分类号
F [经济];
学科分类号
02 ;
摘要
Recent evidence suggests that anti-competitive behavior of firms negatively affects workers' real wages. Typically, policy actions relate to antitrust regulation and rarely to measures that curb employers' monopsony power. We show that policymakers who want to raise workers' real wages should address both types of market power simultaneously to gain from a policy complementarity. (c) 2022 Elsevier B.V. All rights reserved.
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页数:4
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