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The economics of monopsony power results in lower wages and other forms of compensation, as well as reduced employment … increased prices for consumers. Monopsony in Labor Markets demonstrates that elements of monopsony are pervasive and explores … monopsony. Offering a thorough explanation of antitrust policy, this book identifies the basic economic problems with monopsony …
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In this paper we revisit the literature on the economic consequences from inefficiency in public services provision. Following Dupuit (1844) and Pigou (1947) we argue that it is important to take the financing side explicitly into account. The fact that public expenditure financing must rely on...
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