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Joint Profit Maximization 1 Kinked Labor Supply Curve 1 Oligopsony 1 Wage Exploitation 1 Wage Leadership 1
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Free 1
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English 1
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Kim, Daemo 1
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Journal of Economic Development 1
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THREE SIMPLE MODELS OF OLIGOPSONISTIC LABOR MARKETS
Kim, Daemo - In: Journal of Economic Development 29 (2004) 2, pp. 149-161
This paper newly introduces three simple geometrical models of oligopsonistic labor markets. The first model, which is called the kinked labor supply curve model, is concerned with the situation in which oligopsonists act independently without any collusive agreement. This model suggests that...
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