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 …

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