Monopsonistic labour markets
Publikation: Beiträge in Sammelwerken › Aufsätze in Sammelwerken › Forschung
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Elgar Encyclopedia of Labour Studies. Hrsg. / Tor Eriksson. Cheltenham: Edward Elgar Publishing, 2023. S. 130-133 (Elgar encyclopedias in economics and finance series).
Publikation: Beiträge in Sammelwerken › Aufsätze in Sammelwerken › Forschung
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TY - CHAP
T1 - Monopsonistic labour markets
AU - Hirsch, Boris
AU - Jahn, Elke J.
PY - 2023/9/19
Y1 - 2023/9/19
N2 - Monopsony refers to a labour market with a single employer/buyer of labour being able to set the wage. While for a long time considered as a curiosity, a recent vibrant literature has demonstrated that monopsonistic markets (few buyers of labour with market power) in fact is a widespread phenomenon.Several reasons for monopsony power: search costs, preferences for non-wage attributes, mobility costs and employers’ no-compete agreements. Many studies focus on measurement of monopsony power; the growing evidence of employers actually using it is so far mainly indirect. Studies remain largely silent on specific mechanisms behind monopsony. There is also but little evidence of which policies constrain employers from exercising their monopsony power.
AB - Monopsony refers to a labour market with a single employer/buyer of labour being able to set the wage. While for a long time considered as a curiosity, a recent vibrant literature has demonstrated that monopsonistic markets (few buyers of labour with market power) in fact is a widespread phenomenon.Several reasons for monopsony power: search costs, preferences for non-wage attributes, mobility costs and employers’ no-compete agreements. Many studies focus on measurement of monopsony power; the growing evidence of employers actually using it is so far mainly indirect. Studies remain largely silent on specific mechanisms behind monopsony. There is also but little evidence of which policies constrain employers from exercising their monopsony power.
KW - Economics
KW - Mechanisms of monopsonistic power
KW - Measurement of monopsony power
KW - Monopsony power
KW - Monopsony
UR - https://www.e-elgar.com/shop/gbp/elgar-encyclopedia-of-labour-studies-9781800377530.html
UR - https://www.elgaronline.com/display/book/9781800377547/ch31.xml
UR - https://www.mendeley.com/catalogue/2d2377bc-a424-37f3-a250-01b0f1c0f811/
U2 - 10.4337/9781800377547.ch31
DO - 10.4337/9781800377547.ch31
M3 - Contributions to collected editions/anthologies
SN - 978-1-80037-753-0
T3 - Elgar encyclopedias in economics and finance series
SP - 130
EP - 133
BT - Elgar Encyclopedia of Labour Studies
A2 - Eriksson, Tor
PB - Edward Elgar Publishing
CY - Cheltenham
ER -