منابع مشابه
Alan Manning : Monopsony in Motion
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متن کاملLocal Monopsony and Free Riders
In an industry with upstream economies of scale in the distribution of differentiated products to retailers which have monopoly power within separate local market areas, the retailers have an incentive to exert monopsony power due to the divergence between average and marginal costs in the distribution of those inputs. The retailers increase their ability to exert monopsony power by forming coa...
متن کاملClassic Monopsony or New Monopsony? Searching for Evidence in Nursing Labor Markets
Prior studies find that hospitals face upward-sloping RN labor supply, which is taken as evidence of monopsonistic power. But previous research finds little relationship across labor markets between RN wages (relative to alternative wages) and measures of market size or hospital density. This inconsistency might be resolved if “classic” monopsonistic power varies over time owing to demand-suppl...
متن کاملOn the exhaustible-resource monopsony
The exhaustible-resource monopsony problem provides a basis for understanding the dynamic relationship between resource importers and suppliers. We find that the mere presence of a substitute supply creates a time-inconsistency problem for the monopsonist. When the buyer can commit to delaying the arrival of the substitute, he obtains a substantial reduction in resource prices but not enough as...
متن کاملIs Monopsony the Right Way to Model Labor Markets? A Review of Alan Manning’s Monopsony in Motion
Manning proposes that the ‘traditional’ monopsony model, once regarded as an analytical curiosity, be adopted as a widely-applicable description of firms’ behavior in labor markets. In Manning’s view, search frictions in the labor market generate upwardsloping labor supply curves to individual firms even when firms are small relative to the labor market. Thus a model of ‘monopsonistic competiti...
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ژورنال
عنوان ژورنال: Theoretical Economics Letters
سال: 2015
ISSN: 2162-2078,2162-2086
DOI: 10.4236/tel.2015.54058