Author
Listed: Marina Chugunova (Max Planck Institute for Innovation and Competition)
Klaus Keller (Max Planck Institute for Innovation and Competition) Jose Azar (University of Navarra, School of Economics and Business and IESE Business School) (IESE Business School, University of Navarra.) Registered: Abstract We examine the impact of labor market power on firms’ adoption of automation technologies. We develop a model that incorporates labor market power into the task-based theory of automation. We show that, due to higher marginal cost of labor, monopsonistic firms have stronger incentives to automate than wage-taking firms, which could amplify or […]
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