Endogenous Wage-Compliance and "Underground" Wages in Oligopoly

Minas Vlassis ()

Athens University of Economics and Business from Athens University of Economics and Business, Department of International and European Economic Studies

Abstract: 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: J31 J50 L13 (search for similar items in EconPapers)
Pages: 21 pages
Date: 1998
References: Add references at CitEc
Citations: View citations in EconPapers (1)

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
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:fth:athebu:98

Access Statistics for this paper

More papers in Athens University of Economics and Business from Athens University of Economics and Business, Department of International and European Economic Studies Athens University of Economics and Business, Department of International and European Economic Studies. Parission 76, Athens Greece 10434. Contact information at EDIRC.
Bibliographic data for series maintained by Thomas Krichel ().