caa a22 4500 467996520 CHVBK 20180323112558.0 cr unu---uuuuu 170328e19900301xx s 000 0 eng 10.1007/BF02316934 doi (NATIONALLICENCE)springer-10.1007/BF02316934 Daniel III Coldwell Memphis State University, USA aut Do high profits imply low wages? [Elektronische Daten] [Coldwell Daniel III] Summary: It is argued in this paper that, contrary to what may be commonly believed, high wages are not inconsistent with monopsony power (neoclassical exploitation). In fact, it is argued, when a monopsonistic firm has economically profitable product-market monopoly power, which would seem to be the typical real world case, the firm's wages are expected to be high. Clearly, the situation described by the combination of profitable monopoly-monopsony conditions explains a high wage insofar as these conditions represent a profit opportunity which provides an incentive to pay a high wage and without which the high wages would not be offered or paid. Empirical evidence based on an exhaustive sample is offered which, although not over-whelmingly convincing, tends to support the theoretical arguments of this paper. Atlantic Economic Society, 1990 Atlantic Economic Journal Kluwer Academic Publishers 18/1(1990-03-01), 15-19 0197-4254 18:1<15 1990 18 11293 https://doi.org/10.1007/BF02316934 text/html Onlinezugriff via DOI 1 research-article jats NATIONALLICENCE 856 40 https://doi.org/10.1007/BF02316934 text/html Onlinezugriff via DOI NATIONALLICENCE 100 1- Daniel III Coldwell Memphis State University, USA aut NATIONALLICENCE 773 0- Atlantic Economic Journal Kluwer Academic Publishers 18/1(1990-03-01), 15-19 0197-4254 18:1<15 1990 18 11293 Metadata rights reserved Springer special CC-BY-NC licence nationallicence BK010053 XK010053 XK010000 NATIONALLICENCE NATIONALLICENCE NL-springer