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Articles 1 - 4 of 4
Full-Text Articles in Social and Behavioral Sciences
Sharing The Prosperity: Why We Still Need Organized Labor, Angela B. Cornell
Sharing The Prosperity: Why We Still Need Organized Labor, Angela B. Cornell
Cornell Law Faculty Publications
Today economic inequality is greater in the United States than in any other advanced nation. Bringing the minimum wage up to a true living wage is a crucial step forward, as are other employment-related benefits like broadening access to overtime and instituting paid sick leave. But employment statutes such as minimum-wage regulations cannot replace the broad-based benefits that come from organized labor. Unionization places the ability to influence what happens in the workplace directly in workers’ own hands, even as it creates institutions that can advocate for working people at the community, state, and national level. Under an effective labor-law …
External Economies And Competitive Equilibrium, George A. Hay, John J. Mcgowan
External Economies And Competitive Equilibrium, George A. Hay, John J. Mcgowan
Cornell Law Faculty Publications
In an article published in 1955, Murray Kemp analyzed the case for interference with the competitive allocation of resources when external economies of production are present. In the specific model we are interested in—where the costs of any one producer's operations are affected by the total output of all producers of the same product—Kemp attempted to show that where entry into the industry is closed (although the industry is otherwise perfectly competitive), "there can always be found a subsidy, either on the product or on a particular factor, which will be a sufficient incentive to firms to produce an …
A Note On The Stigler-Kindahl Study Of Industrial Prices, George A. Hay
A Note On The Stigler-Kindahl Study Of Industrial Prices, George A. Hay
Cornell Law Faculty Publications
No abstract provided.
Production, Price, And Inventory Theory, George A. Hay
Production, Price, And Inventory Theory, George A. Hay
Cornell Law Faculty Publications
This paper is an attempt to derive empirically testable hypotheses regarding the principal determinants of firms' decisions on production, price, and finished goods inventory. The general approach to the problem is that many of the same factors which affect the optimal value for one variable will also influence decisions on the other two, and that a "proper" model must take into account the interdependence of these variables and the simultaneous nature of the decisions involving them. This is in contrast to literature on the theory of inventories (see Paul Darling and Michael Lovell) in which the firm is assumed to …