Shelkova, Natalya Y. - Industrial Relations Section, Department of Economics - 2008
-binding minimum wage may serve as a focal point of tacit collusion, proposing a symmetric solution to an infinitely played game of …. CPS monthly data is used for the years 1990-2005, covering the last four federal minimum wage increases. The likelihood of … collusion at minimum wage is evaluated, as well as its dynamics during this period. The results generally support the collusion …