Theory and Evidence on Employer Collusion in the Franchise Sector
---- Acknowledgments ----
We thank Hank Farber, Alan Manning, Bentley MacLeod, Bobby Willig and participants at the NBER Labor Studies program for helpful comments, FRANdata for providing data, and David Cho, Jun Ho Choi, and Kevin DeLuca for research assistance. The authors are solely responsibility for any errors. The Industrial Relation Section, Princeton University, provided financial assistance. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.