monopsony in motion:
imperfect competition in labour markets

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.