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Is Wal-Mart a Monopsony? Evidence from Local Labor Markets AgEcon
Bonanno, Alessandro; Lopez, Rigoberto A..
This paper measures the degree of monopsony power exerted by Wal-Mart over retail workers using a dominant-firm model and data in the 48 contiguous U.S. states for counties where the company operates, presenting for the first time a measure of the company’s anticompetitive behavior. Empirical results show that Wal-Mart’s monopsony power over workers varies significantly across the country, being higher in non-metro and rural counties, particularly in the south. For instance, Wal-Mart’s buying power index in labor markets in rural southern and central states is estimated to be 5% or higher while the impact on northeastern states’ retail wages is negligible.
Tipo: Conference Paper or Presentation Palavras-chave: Wal-Mart; Monopsony power; Wages; Labor; Retailing; Community/Rural/Urban Development; Industrial Organization; Labor and Human Capital; Research Methods/ Statistical Methods; J42; L13; L81.
Ano: 2009 URL: http://purl.umn.edu/51289
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MARKETING ORDER SUSPENSIONS AND FRESH LEMON RETAIL-FOB MARGINS AgEcon
Richards, Timothy J.; Kagan, Albert; Mischen, Pamela; Adu-Asamoah, Richard.
In August 1994, the Secretary of Agriculture announced the termination of the marketing order and the association flow-to-market, or prorate, controls for fresh California and Arizona (CA/AZ) lemons. Lemon growers and handlers have expressed concern over the impact of this decision on retail-FOB margins. This study presents an econometric model of fresh lemon marketing margins that tests for the presence of buyer and seller market power during previous periods of marketing order suspension. The results show that buyer and, to a lesser extent, seller market power cause retail-FOB margins to widen during periods of prorate suspension.
Tipo: Journal Article Palavras-chave: Conjectural variations; Lemons; Marketing order; Monopsony power; Retail-FOB margins; Marketing.
Ano: 1996 URL: http://purl.umn.edu/15114
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