Monosony in labor markets: Theory, evidence, and public policy
Material type:
TextPublication details: New York Cambridge University Press 2024Description: xvii, 192 p. Includes bibliographical reference and indexISBN: - 9781009465250
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Ratan Tata Library | Ratan Tata Library | Available | RT1528704 |
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.
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