of monopsony. We use an exogenous change in wages at Veterans Affairs hospitals as a natural experiment to investigate … the extent of monopsony in the nurse labor market. In contrast to much of the prior literature, we estimate that labor …

results. As a result, the paper continues with an empirical investigation of the effect of monopsony power for a particular … susceptible to monopsony. The empirical work shows that areas with many choices of alternative employers within easy driving …

How important is the exercise of classical monopsony power against labor for the level of wages and labor's share? We … examine this in the context of China and India – two large, rapidly-growing developing economies. Using theory, we develop a … of cooperating firms. The theory guides the measurement of labor “markdowns”, i.e., the gap between wage and the value of …

Why is the employment effect of the minimum wage frequently found to be close to zero? Theory tells us that when wages … are below marginal productivity, as with monopsony, employers are able to increase wages without laying off workers, but … monopsony explanation by studying a key low-wage retail sector and using data on labor market concentration that covers the …

This paper tests for and measures monopsony power in the U.S. higher education labor market. It does so by directly … demand instruments. The results indicate that schools have significant monopsony power over their tenure track faculty. Its …-tenure track faculty, however, universities do not seem to have any monopsony power and instead face perfectly elastic residual …

increases over time; (2) consistent with labor market monopsony power, there is a negative relation between local-level employer …

On-demand labor platforms make up a large part of the “gig economy.” We quantify the extent of monopsony power in one …

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