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 ...

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 ...

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 ...

There’s a word for a scenario where there are a lot of workers who are facing only one possible employer: monopsony. “It’s the labor market equivalent of a monopoly,” said Kate Bahn, an ...

Jason Furman and Alan B. Krueger write about monopsony power: Instead of bidding up wages, ... While economics textbooks often describe the labor market as perfectly competitive, ...

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 ...

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.