{"product_id":"monopsony-in-labor-markets-theory-evidence-and-public-policy-hardback-9781009465229","title":"Monopsony in Labor Markets; Theory, Evidence, and Public Policy (Hardback) 9781009465229","description":"\u003cfont face=\"Georgia\"\u003e\r\n\u003cp\u003e\u003cfont size=\"6\"\u003eMonopsony in Labor Markets\u003c\/font\u003e\u003cbr\u003e\r\n\u003cfont size=\"5\"\u003eTheory, Evidence, and Public Policy\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cem\u003eThis book identifies the basic economic problems with monopsony in labor markets and explains the remedies currently available.\u003c\/em\u003e\u003c\/p\u003e\r\n\r\n\r\n\u003cp\u003e\u003cfont size=\"4\"\u003eBrianna L. Alderman (Author), Roger D. Blair (Author)\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e9781009465229, Cambridge University Press\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003eHardback, published 15 February 2024\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e212 pages\u003cbr\u003e23.5 x 16 x 1.8 cm, 0.453 kg\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\r\n\u003cp align=\"justify\"\u003e\u003cem\u003e\u003cfont size=\"3\"\u003e'Recommended.' R. M. Whaples, CHOICE\u003c\/font\u003e\u003c\/em\u003e\u003c\/p\u003e\r\n\r\n\u003cp align=\"justify\"\u003e\u003cstrong\u003e\u003cfont size=\"3\"\u003eThe economics of monopsony power results in lower wages and other forms of compensation, as well as reduced employment. Wealth is transferred from workers to their employers. In addition, the employer's output is reduced, which leads to increased prices for consumers. Monopsony in Labor Markets demonstrates that elements of monopsony are pervasive and explores the available antitrust policy options. It presents the economic and empirical foundations for antitrust concerns and sets out the relevant antitrust policy. Building on this foundation, it examines collusion on compensation, collusive no-poaching agreements, and the inclusion of non-compete agreements in employment contracts. It also addresses the influence of labor unions, labor's antitrust exemption, which permits the exercise of countervailing power, and the consequences of mergers to monopsony. Offering a thorough explanation of antitrust policy, this book identifies the basic economic problems with monopsony in labor markets and explains the remedies currently available.\u003c\/font\u003e\u003c\/strong\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e1. Introduction\u003cbr\u003e 2. The Economics of Monopsony\u003cbr\u003e 3. Empirical Evidence of Monopsony in Labor Markets\u003cbr\u003e 4. Antitrust Policy\u003cbr\u003e 5. The Intended and Unintended Victims of Monopsony\u003cbr\u003e 6. Collusion on Wages and Terms of Employment\u003cbr\u003e 7. No Poaching Agreements\u003cbr\u003e 8. Non-Compete Agreements\u003cbr\u003e 9. Unions and Collective Bargaining\u003cbr\u003e 10. Monopsony and Merger Policy\u003cbr\u003e 11. Closing Thoughts.\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003eSubject Areas: Labour economics [\u003ca title=\"See our other books on Labour economics\" href=\"https:\/\/freshlyprintedbooks.co.uk\/search?q=%22Labour%20economics%20%5BKCF%5D%22\"\u003eKCF\u003c\/a\u003e]\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\u003c\/font\u003e","brand":"Cambridge University Press","offers":[{"title":"Brand New","offer_id":52414072422680,"sku":"9781009465229","price":76.39,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0730\/2037\/5320\/files\/9781009465229i.jpg?v=1784336530","url":"https:\/\/freshlyprintedbooks.co.uk\/products\/monopsony-in-labor-markets-theory-evidence-and-public-policy-hardback-9781009465229","provider":"Freshly Printed Books","version":"1.0","type":"link"}