papers on monopsony

papers on monopsony

steady-state equilibrium in a model of short-term wage-posting

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an article investigating a short-run version of the classic burdett-mortensen model showing that strange things can happen

imperfect competition in labor markets

published handbook of labor economics volume 4b, 2011, pp973-1043 download from science direct

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an article providing an idiosyncratic survey of the importance of imperfect competition in labour markets

the plant size-place effect: monopsony and agglomeration

published , journal of economic geography, 2010, 10, 717-744. download from journal

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documents that average plant size is larger in cities, that this is not predicted by many models of agglomeration and that monopsony provides a simple, plausible explanation.

a generalised model of monopsony

published economic journal, 2006, 116, 84-100 download from jstor

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shows that perfect competition is best thought of a constant marginal cost of recruitment and monopsony as an increasing marginal cost. presents evidence of increasing marginal costs.

oligopsony & monopsonistic competition in labor markets (with v. bhaskar and t. to)

published: journal of economic perspectives, spring 2002 access via jstor

a brief survey of how models of oligopsony and monopsonistic competition can improve our understanding of labour markets


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the plant size-place effect: agglomeration and monopsony in labour markets

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shows that average plant sizes are bigger in agglomerations, that many popular theories of agglomeration predict the opposite and that thinknig of labour markets as monopsonistic can help us to understand the fact

the real thin theory: monopsony in modern labour markets

this was presented as the Adam Smith Lecture, EALE, 2002

published: labour economics, 2003, 10, 105-131.

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argues that both modern and classical theories of monopsony require that, suitably defined, labour markets are, from the point of view of workers, thin. and argues uses data on wages and commuting, that the evidence is supportive of this view.

monopsony and the efficiency of labour market interventions

published: labour economics, 2004, 11, 145-163.

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sets up a simple general equilibrium model of a monopsonistic labour market and works through the policy impact of minimum wages, trade unions, welfare benefits, progressive taxation and restrictions on employment contracts

how do we know that real wages are too high?

quarterly journal of economics, 1995, 110, 1111-1125. download from jstor

argues that the existence of involuntary unemployment is perfectly consistent with employers having sizeable market power over their workers and with a minimum wage being capable of raising employment

labour markets with company wage policies

lse cep discussion paper, december 1994. download

considers the implication of a model in which workers differ in their productivity and reservation wage but employers can only set a single wage. i suppose this eventually became the book Monopsony in Motion: Imperfect Competition in Labor Markets , Princeton University Press.

the employer size-wage effect: is monopsony the explanation? (with and s.machin).

oxford economic papers, 1996, 48, 433-55 download from jstor

argues that part of the employer size wage effect can be explained as the result of a labour supply curve to an individual employer that is upward-sloping