the public monopsony. Political support for liberalisation may therefore be limited. …

This paper brings together the modern literatures on monopsony power and labor unions by empirically examining the …

This paper studies the implications of monopsony power for optimal income taxation and welfare. Firms observe workers …' abilities while the government does not and monopsony power determines what share of the labor market surplus is translated into … profits. Monopsony power increases the tax incidence that falls on firms. This makes labor income taxes less (more) effective …

the other hand, we document a decline in monopsony power, as both the heterogeneity and the aggregate level of markdowns …

. -- endogenous monopsony ; minimum wage ; noncompliance ; small firms …

When employers face a trade-off between growing large and paying low wages - that is, when they have monopsony power … smaller. A model with labor market monopsony, product market power, and customer acquisition matching these features of the …

degree of monopsony power is captured by the elasticity of firm-level labor supply, with a lower elasticity implying more … wage-setting power by the firm. With more productive firms paying higher wages, monopsony power dampens the impact of firm … inequality, but in an open economy high levels of monopsony power inhibit exporting, which may reduce inequality by compressing …