Monopsony in Labor Markets: Theory, Evidence, and Public Policy

by Brianna L. Alderman and Roger D. Blair

The economics of monopsony power results in lower wages and other forms of compensation, as well as reduced employment. Wealth is transferred from workers to their employers. In addition, the employer's output is reduced, which leads to increased prices for consumers. Monopsony in Labor Markets demonstrates that elements of monopsony are pervasive and explores the available antitrust policy options. It presents the economic and empirical foundations...

• Format: Hardcover
• Language: English
• ISBN: 1009465228
• ISBN13: 9781009465229
• Release Date: February 2024
• Publisher: Cambridge University Press
• Length: 212 Pages
• Weight: 1.00 lbs.
• Dimensions: 0.5" x 6.0" x 9.0"