monopsony in motion: imperfect competition in labour markets
monopsony in motion:
imperfect competition in labour markets
published, princeton university press, 2003
nobody can seriously believe that a wage cut of a cent causes all workers to instantaneously leave a firm so that the labour supply curve
facing an individual employer is not inifinitely elastic.
this book argues that employers have non-negligible market power over their workers and that our understanding
of labour markets would be much improved by explicit recognition of this fact. it shows how the perspective of monopsony sheds light on a wide variety of
labour market phenomena.