Published in Annual Review of Economics
Labor markets are not perfectly competitive: Monopsony power enables employers to pay workers less than the marginal revenue product of labor. We review three theoretical frameworks explaining monopsony power. Oligopsony models attribute it to strategic interactions among a limited number of firms. Job differentiation models cite imperfect job subs...
The research on the minimum wage contributes insights into claims raised in legal arguments that employers and workers have equal power and that an employer’s management power must be unrestricted lest the firm or the economy suffer. Mandated minimum wages, the conventional argument goes, will force firms to pay a wage higher than the market rate, ...
Worker mobility—the ability to find and take another job—is at the core of worker power, and, conversely, worker immobility is at the core of employer power. This paper presents evidence of barriers to worker mobility in terms of labor market constraints (can a worker find another job?) and financial constraints (can a worker afford to transition t...
Este artigo analisou o uso da violência e da corrupção como fatores de maximização do benefício dos traficantes no mercado dos cultivos de coca. Propôs-se que a condição de ilegalidade deste mercado justifica o estabelecimento de sistemas de seguridade privada e corrupção que operam como estratégias de maximização dos benefícios dos traficantes, as...
Scientists say that trust in inter-organisational relationships leads to high performance, project success, and better quality in construction work. Later research shows that distrust also plays an important role in preventing excessive trust in relationships. It is better to say that a stable state of trust is the balance between trust and distrus...
This dissertation develops models to understand changes in the wage distribution and employment informality rates. Common themes are imperfect competition in the labor market, firm and worker heterogeneity, imperfect substitution between different levels of skill in production, and minimum wages. In each chapter, I present a model, discuss its prop...
Published in Ovidius University Annals of Constanta - Series Civil Engineering
The specificity of construction as an economic activity and of the construction product (goods and services) determine the existence of a complex vertical chain of links, involving different actors, which they perform simultaneously the function of the buyer of the product from a previous participant and vendor product to the next participant. In p...
This article analyzes the characteristics of the illegal market production of coca, This article analyses the characteristics of illegal coca production from a traffickers’ perspective. The dealers have an incentive to obtain full market power by establishing a strict monopsony. We analyse two particular cases in the absence of State action. In the...
United Kingdom
The United States acute care hospital (ACH) market provides a unique environment in which to examine questions about market structure and performance. The ACHs operate in a mature market of health services that is highly regulated and has one dominant primary consumer of services. The uncharacteristic industry structure offers the opportunity to an...
