. To reach this conclusion, we exploit rich administrative data for U.S. manufacturers and estimate plant-level markdowns …-the ratio between a plant's marginal revenue product of labor and its wage. In a competitive labor market, markdowns would be … equal to unity. Instead, we find substantial deviations from perfect competition, as markdowns average 1.53. This result …

. To reach this conclusion, we exploit rich administrative data for U.S. manufacturers and estimate plant-level markdowns …—the ratio between a plant’s marginal revenue product of labor and its wage. In a competitive labor market, markdowns would be … equal to unity. Instead, we find substantial deviations from perfect competition, as markdowns average 1.53. This result …

This paper summarizes the results of nearly a dozen new papers presented at the Sundance Conference on Monopsony in …, study various aspects of monopsony and failures of competition in labor markets. It also reports on the new developments in …

This paper brings together the modern literatures on monopsony power and labor unions by empirically examining the …

product of labour and 30% pay wages above. We further find that the prevalence of wage mark-downs is significantly smaller …

The DOJ and FTC clarify the role of labor market power ("monopsony") in the 2023 draft merger guidelines. The draft …) Explicitly addressing monopsony in the draft guidelines is grounded in economic theory and empirical research. (2) Workers … monopsony power in the U.S. may warrant an even lower threshold. For example, merger simulations indicate that workers would …

Revisiting Rothbardian monopoly price theory and extending it to the realm of factor pricing, this paper explains how … environment. Monopolistic grants to capitalists make for situations where both monopoly of demand for factors and monopoly of …