Title

Modern Models of Monopsony in Labor Markets: A Brief Survey

Author(s)

Orley C. Ashenfelter Orley Ashenfelter (Princeton University)

Henry Farber Henry Farber (Princeton University)

Michael R. Ransom Michael Ransom (Brigham Young University)

Abstract

There has been a renewed interest in monopsony in labor markets in recent years that includes both the traditional static approach to monopsony, ably reviewed by Boal and Ransom (1997) and the new'' approach to monopsony with more attention paid to dynamic issues, developed in detail by Manning (2003). The papers presented in this supplement highlight both approaches and illustrate the range of labor market settings in which the exercise of monopsony power may be important.

Creation Date

2010-04

Section URL ID

IRS

Paper Number

554

URL

https://dataspace.princeton.edu/bitstream/88435/dsp01736664510/1/554.pdf

File Function

Jel

J010, J200, J420

Keyword(s)

monopsony, labor markets

Suppress

false

Series

1