Conflict between consumer and worker surpluses under monopoly power

DOI10.1016/J.ECONLET.2023.111512MaRDI QIDQ6117802zbMATH OpenOpenAlexFDO

Authors Susumu Sato

Publication date 20 March 2024

Published in Economics Letters (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/j.econlet.2023.111512

zbMATH Keywords

consumer welfare standardlabor-augmenting technologymonopolymonopsony

Mathematics Subject Classification ID

Production theory, theory of the firm (91B38) Labor markets (91B39) Consumer behavior, demand theory (91B42)

Recommendations

• Labour union, entry and consumer welfare
• Pro-competitive effect, division of labor, and firm productivity
• Policy complementarities to curb market power and raise real wages
• On the welfare impact of mergers of complements: raising rivals' costs versus elimination of double marginalization
• Competition, work rules and productivity

Cites work

• Efficiency and surplus bounds in Cournot competition.
• General equilibrium oligopoly and ownership structure

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