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 …

industry. Using firm level data from China, we document that wholesalers play no such role for direct importers. However, other …

trade liberalization experience of China following its accession to the WTO in 2001. We build a multi-sector heterogenous … export revenue. We test our hypotheses using Chinese firm-level data for the years after China's accession to WTO in 2001 …

This paper brings together the modern literatures on monopsony power and labor unions by empirically examining the … robustness to different types of shocks, we extend the analysis by exploiting the emergence of import competition from China as …

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 …