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DTSTAMP:20251109T081216Z
DESCRIPTION:'An Empirical Framework for Matching with Imperfect Competition
 '\n\nKory Kroft\, University of Toronto\n\nMay 5\, 2023\, 3:30 to 5:00 PM
 \n	Leacock 429\n\nHost: Fernando Saltiel\n	Field: Applied Microeconomics\n\n
 Abstract: This paper considers a static\, many-to-one matching model of th
 e labor market. We assume that firms operate in an oligopsony labor market
  and allow for strategic interactions in wage setting. Firms face inelasti
 c labor supply curves and set an endogenous firm-specific markdown below m
 arginal product. We provide a tractable characterization of the equilibriu
 m and demonstrate existence and uniqueness. This characterization of the m
 odel equilibrium allows us to derive a rich set of comparative statics and
  then to gauge the relative contributions of worker skill\, preference for
  amenities and strategic interaction on equilibrium wage inequality. We es
 tablish identification of labor demand and supply structural parameters an
 d estimate them using matched employer-employee data on the population of 
 Danish workers.\n
DTSTART:20230505T193000Z
DTEND:20230505T210000Z
LOCATION:Room 429\, Leacock Building\, CA\, QC\, Montreal\, H3A 2T7\, 855 r
 ue Sherbrooke Ouest
SUMMARY:Kory Kroft (University of Toronto)\, 'An Empirical Framework for Ma
 tching with Imperfect Competition' 
URL:/economics/channels/event/kory-kroft-university-to
 ronto-empirical-framework-matching-imperfect-competition-347725
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