Wages and employment are too low in a monopsony. Furthermore, a minimum wage or a subsidy may raise employment up to … benchmark for welfare comparisons. Third, we derive a condition which guarantees that the monopsony distortion is exactly …

We analyze optimal taxation in an economy with monopsonistic labor markets. The individuals, whose only decisions are …

variance in this relationship depending upon several firm and location specific factors including monopsony power. Firms that …

This paper provides direct evidence on the extent of monopsony power in the low-wage labor market by estimating the … monopsony power in the market for nursing assistants – a result at odds with some recent other findings – adds interesting …

We analyze optimal taxation in an economy with monopsonistic labour markets. The individuals, whose only decisions are …

This paper investigates the degree of monopsony power of employers in different industries against the background of a …

Economists increasingly refer to monopsony power to reconcile the absence of negativeemployment effects of minimum … comprehensive test of monop-sony theory by using labor market concentration as a proxy for monopsony power. Labormarket …, theresults lend empirical support to the monopsony argument, implying that conventionalminimum wage effects on employment conceal …

Economists increasingly refer to monopsony power to reconcile the absence of negative employment effects of minimum … wages with theory. However, systematic evidence for the monopsony argument is scarce. In this paper, I perform a … comprehensive test of monopsony theory by using labor market concentration as a proxy for monopsony power. Labor market …