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Unformatted text preview: formed 3) MINIMUM WAGE. CONVENTIONAL CONCLUSIONS RE EMPLOYMENT , CAPITAL and LABOR MIX critique here often within the standard paradigm, e.g., BUT OVERLOOKS MONOPSONY IMPACT AND "SHOCK" EFFECT, (sort of like the X-efficiency argument) AND MONOPSONY POWER OF EMPLOYERS OF PARTICULAR TYPES OF LABOR---BY SKILL SPECIFICITY OR DEMOGRAPHIC ATTRIBUTES NOTE: CARD AND KRUGER Myth and Measurement: The New Economics of the Minimum Wage 4) WINNER-TAKE-ALL MARKETS---flows from economic theory of the Superstar; wide application initially in a limited number of fields mainly entertainment, but now, with changes in technology, W-T-A markets expanding into many other areas---medicine, law, accounting, general services .media??? where else???? education????...
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- Spring '08