.9%, as hypothesized by monopsony theory. Based on a simple merger simulation, we find that a merger between the top two …

The merger of populations expands the comparison space of incomes. As a result, measures of the income-based social …

The DOJ and FTC clarify the role of labor market power ("monopsony") in the 2023 draft merger guidelines. The draft … that a stricter threshold may be warranted in labor markets. The post-merger Herfindahl-Hirschman Index (HHI) that defines …) Explicitly addressing monopsony in the draft guidelines is grounded in economic theory and empirical research. (2) Workers …

public schooling. We develop a theory which integrates private education and fertility decisions with voting on public … theory are consistent with state-level and micro data from the United States as well as cross-country evidence from the PISA …