Policy complementarities to curb market power and raise real wages

Marcel Steffen Eckardt and Michael Neugart

Economics Letters, 2022, vol. 212, issue C

Abstract: 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.

Keywords: Policy complementarity; Market power; Monopolistic competition; Monopsony power; Antitrust policy (search for similar items in EconPapers)
JEL-codes: D21 D43 J42 (search for similar items in EconPapers)
Date: 2022
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0165176522000374
Full text for ScienceDirect subscribers only

Related works:
Working Paper: Policy complementarities to curb market power and raise real wages (2022)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:212:y:2022:i:c:s0165176522000374

DOI: 10.1016/j.econlet.2022.110336

Access Statistics for this article

Economics Letters is currently edited by Economics Letters Editorial Office

More articles in Economics Letters from Elsevier
Bibliographic data for series maintained by Catherine Liu ().