When employers face a trade-off between growing large and paying low wages - that is, when they have monopsony power … smaller. A model with labor market monopsony, product market power, and customer acquisition matching these features of the …

When employers face a trade-off between growing large and paying low wages - that is, when they have monopsony power … smaller. A model with labor market monopsony, product market power, and customer acquisition matching these features of the …

This papers attempts to show that the neoclassical analysis of monopsony is erroneous. We deal with this issue under …

Monopsony is the buyer-side counterpart to monopoly, a situation in which a single purchaser or payer dominates a … results; one example is the provision of indigent defense in criminal cases. Monopsony theory would predict all the problems … on. More disheartening is that monopsony theory would predict that these effects would be inevitable, regardless of the …