If monopsony power is an important feature of the labor market, and monopsony power should be prevalent when firms are bigger and therefore have a larger share of the local industry, ...

OK, we've proved that monopsony power exists in at least some corners of the US labour market. Thus, they conclude:. Many of the policies under discussion — a higher minimum wage, or tougher ...

The American labour market as a whole, in other words, looks nothing like the kinds of markets typically cited as potentially monopsonistic in the economics literature—not like the single ...

Washington, D.C. — The debate around labor market monopsony has heated up considerably in recent years. While labor monopsony was previously considered a hypothetical thought experiment, recent ...

Monopsony power is relevant in labour markets. When there are few employers competing for workers, wages might be suppressed. But it is unclear whether power in Western labour markets has indeed ...

Monopsony, a term coined in the 1930s, refers to markets where a single buyer is dominant. The Monopsony game would hinge on all-powerful employers determining how much they will pay their workers.

We do not find any evidence that private equity-backed firms vary wages and employment based on local labor market power proxies. Wage losses are also very similar for managers and top earners.

Both a monopoly and a monopsony refer to situations in which a single entity controls a so-called free market; the difference lies in who is doing the controlling, the seller or the buyer.

Medicare and Monopsony Pricing. Treasury Secretary Janet Yellen talked about the Biden administration’s work to lower prescription drug prices.