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Modern Models of Monopsony in Labor Markets: A Brief Survey

Orley Ashenfelter (), Henry Farber and Michael Ransom ()
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Henry Farber: Princeton University

No 1223, Working Papers from Princeton University, Department of Economics, Industrial Relations Section.

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.

Keywords: monopsony; labor markets (search for similar items in EconPapers)
JEL-codes: J01 J20 J42 (search for similar items in EconPapers)
Date: 2010-04
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