平狄克微观经济学Game Theory and Competitive StrategyPPT.ppt

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2018-01-26 发布于江苏
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平狄克微观经济学Game Theory and Competitive StrategyPPT.ppt

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平狄克微观经济学Game Theory and Competitive StrategyPPT

Chapter 13 93 95 95 97 95 98 100 100 112 112 112 112 112 112 112 112 112 112 2 2 2 2 2 2 2 2 2 2 56 61 62 63 64 66 66 68 69 70 72 76 75 77 79 80 104 106 106 108 110 108 112 81 83 83 84 86 88 89 92 91 18 21 22 24 24 26 27 21 29 29 29 30 33 33 37 36 36 33 33 39 41 41 44 44 45 46 46 47 48 49 51 53 Monopoly Power of Sellers of Labor Cost is the marginal opportunity cost since it is a measure of what an employer has to offer an additional worker to get him or her to work for the firm But, the wage necessary to encourage additional workers to take jobs is given by supply curve for labor, SL Monopoly Power of Sellers of Labor Rent maximizing combination of wage rate and number of workers is where MR crosses supply Price comes from the demand curve This gives a combination of L1 and w1 Shaded area below the demand curve and above the supply curve to the left of L1 is the economic rent that all workers receive Economic Rent SL DL MR Monopoly Power of Sellers of Labor Number of Workers Wage per worker L2 w2 Maximizing rents to workers means choosing labor where MR crosses S. Wage comes from demand. A L* w* w1 L1 Factor Markets with Monopoly Power Rent maximizing policy can help nonunion workers if they can find nonunion jobs If jobs are not available, this could cause too much of a distinction between winners and losers Looking back at graph, an alternative objective is to maximize aggregate wages that all union members receive This gives L2 and w2 Unionized and Non-Unionized Workers When union uses monopoly power, some workers are not hired. Those workers either try to find nonunion jobs or choose initially not to join union. Assume the total supply of workers is fixed – supply is SL Demand for unionized labor is DU and demand for non-unionized labor is DNU Total market demand is DU + DNU = DL Unionized and Non-Unionized Workers What if union chooses to raise wage above competitive wage w*, to wU ? Number of workers hired by the union falls by amount ?LU As these workers fin