Oligopsony and Monopsonistic Competition in Labor Markets

V Bhaskar, Alan Manning, Ted To

doi:10.1257/0895330027300

Oligopsony and Monopsonistic Competition in Labor Markets

DOI Web Site 被引用文献3件

V Bhaskar

Professor of Economics, University of Essex, Colchester, United Kingdom.
Alan Manning

Professor of Economics and Researcher, Centre for Economic Performance, both at the London School of Economics, London, United Kingdom.
Ted To

Research Economist, Bureau of Labor Statistics, Washington, D.C.

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説明

<jats:p> We argue that models of oligopsony or monopsonistic competition provide insights and explanation for many empirical phenomena in labor markets. Using a simple model with job differentiation and preference heterogeneity, we illustrate how such models can be employed to explain the existence of wage dispersion, the persistence of labor market discrimination, market failures in the provision of training and the anomalous employment effects of minimum wages. </jats:p>