Monopsony in Motion: Imperfect Competition in Labor Markets

by Alan Manning

What happens if an employer cuts wages by one cent? Much of labor economics is built on the assumption that all the workers will quit immediately. Here, Alan Manning mounts a systematic challenge to the standard model of perfect competition. Monopsony in Motion stands apart by analyzing labor markets from the real-world perspective that employers have significant market (or monopsony) power over their workers. Arguing that this power derives...

• Format: Paperback
• Language: English
• ISBN: 0691123284
• ISBN13: 9780691123288
• Release Date: January 1
• Publisher: Princeton University Press
• Length: 416 Pages
• Weight: 1.20 lbs.
• Dimensions: 1.0" x 6.4" x 8.9"