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To address the impact of regulation on ethical concerns of consumers, we study the example of minimum wages. In our experimental market, consumers have monopsony power, firms set prices and wages, and workers are passive recipients of a wage payment. We find that the majority of consumers...
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We study the impact a redistribution of income has on the decisions of a health care innovator and the utility of … consumers. We find that income redistribution from rich to poor increases the quality of the medical innovation, reduces its … price and increases the utility of some of the consumers whose income is reduced through the redistribution. -- Health care …
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consumption level. Qualitatively, an income redistribution from labor to capital leads to consumer credit dynamics that are in …
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