Oligopsony and Minimum Wages

22 Pages Posted: 26 Mar 2021

Date Written: March 24, 2021

Abstract

This article presents a model of oligopsony. It considers different conjectural variations that cover the whole range between the extreme cases of monopsony and perfect competition, such as Collusion, Threat, Cournot, Stackelberg, and Bertrand, and compares them in terms of prices, quantities, profits, mark-down, price elasticity of supply and welfare. It also considers the impact of minimum wages, under the different conjectures analyzed.

Keywords: Oligopsony, Collusion, Threat, Cournot, Stackelberg, Bertrand, mark-down, minimium wages

JEL Classification: C72, J21, J38, J48

Suggested Citation

Vallejo, Hernan, Oligopsony and Minimum Wages (March 24, 2021). Documento CEDE No. 13, Available at SSRN: https://ssrn.com/abstract=3811775 or http://dx.doi.org/10.2139/ssrn.3811775

Hernan Vallejo (Contact Author)

Universidad de los Andes ( email )

Carrera 1a No. 18A-10
Bogota
Colombia
57-1-3394949 (Phone)
57-1-3324492 (Fax)

HOME PAGE: http://economia.uniandes.edu.co/vallejo

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