Wage Rates as a Barrier to Entry: The Pennington Case in Perspective

Oliver E. Williamson

147 citations0/0 files storedThe Quarterly Journal of Economics

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Merger and Competition Analysis Historical Economic and Social Studies Labor market dynamics and wage inequality

Abstract

Introduction, 85. — I. The allegations, 87. — II. The model, 90. — III. Wage barrier parameters in the bituminous coal industry, 101. — IV. Industry structure, 108. — V. Conclusions, 113.

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