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Monopsony in Labor Markets by Brianna L. Alderman

Monopsony in Labor Markets

by Brianna L. Alderman , Roger D. Blair
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Book cover type: Hardcover
  • ISBN13: 9781009465229
  • Binding: Hardcover
  • Subject: N/A
  • Publisher: Cambridge University Press
  • Publisher Imprint: Cambridge University Press
  • Publication Date:
  • Pages: 212
  • Original Price: USD 110.0
  • Language: English
  • Edition: N/A
  • Item Weight: 454 grams
  • BISAC Subject(s): Labor / General

The economics of monopsony power results in lower wages and other forms of compensation, as well as reduced employment. Wealth is transferred from workers to their employers. In addition, the employer's output is reduced, which leads to increased prices for consumers. Monopsony in Labor Markets demonstrates that elements of monopsony are pervasive and explores the available antitrust policy options. It presents the economic and empirical foundations for antitrust concerns and sets out the relevant antitrust policy. Building on this foundation, it examines collusion on compensation, collusive no-poaching agreements, and the inclusion of non-compete agreements in employment contracts. It also addresses the influence of labor unions, labor's antitrust exemption, which permits the exercise of countervailing power, and the consequences of mergers to monopsony. Offering a thorough explanation of antitrust policy, this book identifies the basic economic problems with monopsony in labor markets and explains the remedies currently available.

Alderman, Brianna L.: - Brianna L. Alderman is a Theodore H. Ashford Fellow at Harvard University. She is a Ph.D. student in the Department of Economics at Harvard University and currently holds bachelor's degrees in Economics, Mathematics, and Statistics from the University of Florida. Her current field interests include industrial organization, labor economics, and antitrust economics.

Blair, Roger D.: - Roger D. Blair is a Professor of Economics at the University of Florida. His research and teaching centers around antitrust economics. He has coauthored Monopsony in Law and Economics, Antitrust Policy in Health Care Markets, Antitrust Economics, and The Economics of Franchising. He has published over 200 articles in Economics journals and law reviews.

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