Basu, Arnab K.; Chau, Nancy H.; Kanbur, Ravi - Institut zur Zukunft der Arbeit <Bonn> - 2011
the inability to commit tocontracts in the informal sector leads to employer market power in equilibrium, while anenforced … minimum wage in the formal sector provides employers with a commitmenttechnology but which reduces their market power in … ofemployer market power in the formal and informal sectors due to contractual dualism in thetwo sectors, (ii) offers a unified …