Endogenous Wage-Compliance and "Underground" Wages in Oligopoly
Minas Vlassis ()
DEOS Working Papers from Athens University of Economics and Business
This paper investigates whether compliance with sectoral wages, or "underground" wages (i.e. equilibrium wages lower than the, officially minimum, sectoral ones), may emerge endogenously in industries with market power. Wage bargaining is centralized and it is conducted by large-scale efficient firms and their own union. Small-scale inefficient firms are officially considered to be wage-takers.
Keywords: WAGES; BARGAINING; OLIGOPOLIES (search for similar items in EconPapers)
JEL-codes: J50 J31 L13 (search for similar items in EconPapers)
Pages: 21 pages
References: Add references at CitEc
Citations: Track citations by RSS feed
There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.
Working Paper: Endogenous Wage-Compliance and "Underground" Wages in Oligopoly (1998)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:aue:wpaper:98
Access Statistics for this paper
More papers in DEOS Working Papers from Athens University of Economics and Business Contact information at EDIRC.
Bibliographic data for series maintained by Ekaterini Glynou ().