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MONOPSONY IN MOTION IMPERFECT COMPETITION IN LABOR MARKETS

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What happens if an employer cuts the wage it pays its workers by one cent?
Much of labor economics is built on the assumption that all existing work-
ers immediately leave the firm as that is the implication of the assumption
of perfect competition in the labor market. In such a situation an employer
faces a market wage for each type of labor determined by forces beyond its
control at which any number of these workers can be hired but any attempt
to pay a lower wage will result in the complete inability to hire any of them
at all. The labor supply curve facing the firm is infinitely elastic.

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Ketersediaan

Informasi Detail

Judul Seri

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No. Panggil

331.12 ALA m

Penerbit

New Jersey : Princeton University Press., 2005

Deskripsi Fisik

406 hlm

Bahasa

English

ISBN/ISSN

0691113122

Klasifikasi

331.12

Tipe Isi

text

Tipe Media

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Tipe Pembawa

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Edisi

Ed.1

Subjek

Umum
ebook

Info Detail Spesifik

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Pernyataan Tanggungjawab

Alan Manning

Versi lain/terkait

Lampiran Berkas

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