at Google ScholarTitle data
HIrsch, Boris ; Jahn, Elke:
Monopsonistic Labour Markets.
In: Eriksson, Tor
(ed.):
Elgar Encyclopedia of Labour Studies. -
Cheltenham, UK
: Edward Elgar Publishing
,
2023
. - pp. 130-133
ISBN 9781800377530
DOI: https://doi.org/10.4337/9781800377547.ch31
Abstract in another language
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.
Further data
| Item Type: | Article in a book |
|---|---|
| Refereed: | Yes |
| Keywords: | Monopsony; Monopsony power; Measurement of monopsony power; Mechanisms of monopsonistic power |
| Institutions of the University: | Faculties > Faculty of Law, Business and Economics > Department of Economics > Professor Labour Economics > Professor Labour Economics - Univ.-Prof. Dr. Elke Jahn |
| Result of work at the UBT: | Yes |
| DDC Subjects: | 300 Social sciences > 330 Economics |
| Date Deposited: | 10 Oct 2025 08:08 |
| Last Modified: | 10 Oct 2025 08:08 |
| URI: | https://eref.uni-bayreuth.de/id/eprint/94867 |