markdowns do not necessarily signal inefficiency and discuss some criteria for assessing misallocation in a monopsony model with … to rationalize patterns of worker-firm sorting. Monopsony models traditionally assume that firms commit to posted wages …. Relaxing this assumption, we develop a connection between the first-order conditions of the monopsony model and models of …

monopsony power to study the distributional impact of labor market policies over time. Our framework reconciles the well …

We provide a number of insights into the nature and consequences of monopsony power through the lens of comparative … larger wage markdowns to workers with greater comparative advantage at their firm. This leads to stronger monopsony power … Brazilian administrative data, we confirm this prediction: monopsony disproportionately affects high-wage workers within firms …

accommodates both monopsony distortions from buyer power and double-marginalization distortions from seller power. Rather than … the monopoly power of coal mines, with the remainder attributed to the monopsony power of power plants …

Over the last thirty years, there has been a rise in several empirical measures of local labor market monopsony power … lower monopsony wages by moving to other more competitive local labor markets featuring a higher skill price vector. We …. Monopsony markets are predicted to experience a "brain drain" over time. Using data over four decades we document this …

We contribute a theory in which three channels interact to determine the degree of monopsony power and therefore the …

We assess how minimum wage effects on restaurant employment in the U.S. vary with labor market size and monopsony power …. Using city-level data, we construct monopsony proxies based on labor flows and concentration. Minimum wages bind less in …

We develop a framework with rich worker heterogeneity, firm monopsony power, and putty-clay technology to study the …

--incorporating monopsony power, minimum wages, and unemployment. I estimate the extended canonical model using national data and, separately …