22
14:15 - 15:45
IWH Research Seminar
MAY
2023
14:15 - 15:45
Monopsony Makes Firms Not Only Small but Also Unproductive: Why East-Germany Has Not Converged
When employers face a trade-off between growing large and paying low wages — that is, when they have monopsony power — some productive employers will decide to acquire fewer customers, forgo sales, and remain small.
Who
(University of Notre Dame)