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, ...

Because labor “is such an interesting and important market,” Syverson says, it makes sense that scholars to date have focused their research into monopsony power on its labor-market effects. But he ...

A monopsony exists when a single buyer (in this case, the NCAA) controls the market for a particular type of labor, giving it significant power over wages and employment conditions.

According to the Department of Treasury, due to monopsony, workers are making 15% to 20% less than they would in a perfectly competitive labor market. While firms with monopsony power may be able ...

A buyer's monopoly, or monopsony, is a market situation where there is only one buyer of a good, service, or factor of production. ... it may have market power over certain types of labor.

In this issue, we explore how fintech is changing the financial system, whether monopsony is skewing the labor market, and the potential effects of Donald Trump’s economic policies. Download a PDF of ...

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.

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.

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