We contribute a theory in which three channels interact to determine the degree of monopsony power and therefore the …

developed countries and with the emerging literature on monopsony power, we first show that a higher level of concentration is … a countervailing role against monopsony power, as in highly-unionized sectors, the effect of higher concentration on …

We propose a new fiscal transmission channel based on countercyclical monopsony power in the labor market. We develop a … Two-Agent New Keynesian model incorporating a time-varying degree of monopsony power, with workers valuing various job …

German plant data for the years 1999–2016, we document that employer monopsony involving below competitive wages is far more … prevalent than the contrary worker monopoly. We further find a smaller prevalence and intensity of employer monopsony when … market imperfections and employer wage premia. The presence and intensity of employer monopsony are associated with a lower …