Ashenfelter, Orley; Farber, Henry S.; Ransom, Michael R. - 2010
This brief survey contains a review of several new empirical papers that attempt to measure the extent of monopsony in … labor markets. As noted originally by Joan Robinson, monopsonistic exploitation represents the gap between the value of a … income transfer away from workers. The evidence surveyed from a fairly broad range of labor markets suggests that monopsony …