Year: 2025
Type: article
Abstract: antitrust laws, proving such harms is challenging, especially under the prevailing consumer welfare standard.The consumer welfare standard becomes challenging to apply when a merger may harm workers but benefit consumers downstream.Weighing these cross-market effects raises unresolved questions about the proper balance between consumer and producer surplus.Moreover, the unique features of labor markets-such as the importance of firm-specific investments in human capital-pose challenges for market definition and the assessment of competitive effects.Traditional concentration measures and econometric tools used in product markets may not readily translate to the labor context.Table of Contents Introduction . . . . . .
Language: English
Subfield: Economics and Econometrics
Domain: Social Sciences
Open Access status: green
OpenAlex ID: W7057547305
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