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Monopsony in the labor market: Profit vs. Wage maximization  [PDF]
?uvakovi? ?or?e, Olgin,Radosavljevi? Goran
Economic Annals , 2007, DOI: 10.2298/eka0773007s
Abstract: This paper compares the efficiency of profit- and wage-maximizing (PM and WM) monopsony in the labor market. We show that, both locally and globally, a PM monopsony may well be dominated by its WM twin, where the local and global dominance are defined with respect to a single (inverse) labor supply function and a single family of such functions. This family is always divided in the two disjoint (sub)families of the PM and WM dominance. We also analyze some major factors that explain the size of these (sub)families. .
Andrew Seltzer
Essays in Economic & Business History , 2002,
Abstract: This paper uses evidence compiled by the Bureau of Labor Statistics and the Tobacco Industry Committee to examine the impact of the initial implementation of the Fair Labor Standards Act. It is shown that the minimum wage was heavily binding, but employment in a BLS sample of Virginia and North Carolina firms actually increased following its passage. This employment increase can not be explained by traditional models but is consistent with the monopsony model. Finally, it is shown that the industry met two important assumptions of the model: workers could not easily relocate to alternative employment and wages were less than marginal revenue product.
The Ethics of Exploitation
Paul McLaughlin
Studia Philosophica Estonica , 2008,
Abstract: Philosophical inquiry into exploitation has two major deficiencies to date: it assumes that exploitation is wrong by definition; and it pays too much attention to the Marxian account of exploitation. Two senses of exploitation should be distinguished: the ‘moral’ or pejorative sense and the ‘non-moral’ or ‘non-prejudicial’ sense. By demonstrating the conceptual inadequacy of exploitation as defined in the first sense, and by defining exploitation adequately in the latter sense, we seek to demonstrate the moral complexity of exploitation. We contend, moreover, that moral evaluation of exploitation is only possible once we abandon a strictly Marxian framework and attempt, in the long run, to develop an integral ethic along Godwinian lines.
Golden Research Thoughts , 2012, DOI: 10.9780/22315063
Abstract: In this paper attempt has been made to point out the various ways of womens's exploitation. It also points out how human rights help to solve the exploitation of women. There are various ways of women's exploitation such as domaestic violence,exploitation for dowry,sexual exploitation,physical exploitation,feticide and so on.
Ivan Cotman
Rudarsko-Geolo?ko-Naftni Zbornik , 1994,
Abstract: The processes of forming, petrography, features, properties and exploitation of granite boulders are described. The directional drilling and black powder blasting is the succesful method in exploitation of granite boulders (boulder technology).
Anthropology of sexual exploitation
Lali? Velibor,Ke?etovi? ?elimir
Temida , 2009, DOI: 10.2298/tem0901017l
Abstract: In this paper, the authors observe sexual exploitation from an anthropological perspective. They analyze the rational, ethical, emotional and mythological dimensions of human sexuality. Consequently, after setting the phenomenon in a social and historical context, sexual exploitation is closely observed in the contemporary age. Based on thoughts of relevant thinkers, they make the conclusion that the elimination of sexual exploitation is not an utterly legal issue, but political and economical issues as well. Namely, legal norms are not sufficient to overcome sexual exploitation, but, political and economical relationships in contemporary societies, which will be based on sincere equal opportunities must be established.
Designing Organizations for Exploration and Exploitation  [cached]
Timothy N. Carroll
Journal of Organization Design , 2012, DOI: 10.7146/jod.1.2.6344
Abstract: All organizations face the core challenge of deciding on investments in two very different types of activities: exploration and exploitation. Exploration activities are future-oriented, such as developing new capabilities, experimenting with new technologies, and pursuing new customers and markets. Exploitation activities, in contrast, focus on the refinement of existing competencies, processes, and products. Because an organization’s design should reflect its goals, it is difficult to accommodate exploration and exploitation activities within a single organization. This article discusses four major approaches used to tackle this problem, and notes the strengths and limitations of each approach.
Yeimy Consuelo Sarmiento Mora,Nidia Yaneth Torres Merchán
Luna Azul , 2008,
Abstract: The present work constitutes a restoration plan in areas that have been used for the exploitation of limestone in the Acerias Paz del Rio Company. This proposal is the product of a previous characterization of superior plants carried out by the authors in places where the exploitation of limestone mines took place (Chameza, Belencito and Mal Sitio). This study considers three components: soil, vegetation and the work with students.
Managing the Innovators for Exploration and Exploitation  [cached]
C. Annique UN
Journal of technology management & innovation , 2007,
Abstract: I analyze how to manage employees to achieve a balance between exploration and exploitation in large established firms. Previous studies suggest that, although firms need to undertake both exploration and exploitation simultaneously, this is difficult either because of the scarcity of resources or because of the incompatibility of these two processes. Proposed solutions have been ambidexterity, punctuated equilibrium or specialization. I suggest another method: managing employees. Specifically, I argue that using the so-called “innovative” system of human resource management practices, consisting of team-based incentive system, team-based job design, and job rotation, enables the firm to undertake exploration and exploitation simultaneously because it provides the psychological safety for people to explore new knowledge to make novel products and develops employees to have the perspective-taking capability that enables the integration of knowledge cross-functionally for efficiency. Using the so-called “traditional” system of human resource management practices, consisting of individual-based incentive system, individual-based job design, and no job rotation, has limited impact on either exploration or exploitation because it does not create the psychological safety for people to explore new knowledge and does not develop the perspective-taking capability needed for exploitation. Moreover, mixing practices from both systems is better than only using the traditional system in achieving exploration or exploitation, but less effective than only using the innovative system as the mix of practices can create inconsistent expectations on employees.
Benítez Sánchez,Alberto;
Cuadernos de Economía , 2011,
Abstract: this article studies adam smith's equality between the price of each good and the income obtained from the good. with this aim, this work introduces the income distribution rate designating the corresponding profit/wage proportion and comparing marx's and smith's theories, the article establishes that: a) the income distribution rate of each good is equal to the proportion in which the price of the good (in wage units) exceeds its value and b) the exploitation rate is equal to a particular income distribution rate, the rate corresponding to the commodity bundle acquired with the wage. moreover, it presents a necessary and sufficient condition for the exploitation rate to be greater than the profit rate and also a non trivial upper bound for the quantities of labor incorporated in any collection of goods.
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