Comments on "Wage determination and imperfect competition"

Abstract

"This is a very useful and thoughtful paper. I like the focus on trade unions and oligopsony. I agree with most of what is being said, in particular that imperfect competition in labor markets is key to our understanding of a lot of what is going on in the labor market. Sometimes, I would have preferred a more nuanced discussion (see below), but that is partly a question of taste. I also agree with the tacit assumption that a parsimonious model that serves as a blueprint for various situations is useful. My subsequent list of specific - and often idiosyncratic - comments can only focus on a subset of what is being covered in the paper. My comments will stress those points where I think some clarification is in order." (Text excerpt, IAB-Doku) ((en))

Cite article

Fitzenberger, B. (2014): Comments on "Wage determination and imperfect competition". In: Labour economics, Vol. 30, No. October, p. 59-61. DOI:10.1016/j.labeco.2014.07.012