Monopsony
In economics, a monopsony is a market structure in which a single buyer substantially controls the market as the major purchaser of goods and services offered by many would-be sellers. The microeconomic theory of monopsony assumes a single entity to have market power over all sellers as the only purchaser of a good or service. This is a similar power to that of a monopolist, which can influence the price for its buyers in a monopoly, where multiple buyers have only one seller of a good or service available to purchase from.
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Research Group on Human Capital - Université du Québec à Montréal · 29 January 2024 English
My paper contributes to the overall literature on the fiscal impact of immigration, and particularly to the section of the literature that has focussed on Canada: my findings of small …
References Amior, M. and A. Manning (2022): “Monopsony and the Wage Effects of Migration,” Unpublished …
CBA: Canadian Bar Association · 31 March 2023
The vast majority of vertical conduct (i.e., competitor/supplier interactions) is not harmful Submission of the Competition Law and Foreign Investment Page 3 Review Section of the Canadian Bar Association and …
suppliers, including suppliers of labour. In fact, monopsony power (i.e., market power when purchasing), which … likely to offset harm to consumers (or, in a monopsony context, producers). B. Proposal 2: Limiting the …
IDRC: International Development Research Centre · 30 January 2023 English
This means that buyers and suppliers look at the impact This report seeks to provide contextual information on the current of all the contracted activities related to women’s and men’s …
refers to the state in which access to rights and monopsony (Van Weele 2010) and can thus have a significant …
SHARE: Shareholder Association for Research and Education · 17 November 2022 English
K.) We are an initiative of the International Humanity United and the Laudes Trade Union Confederation (ITUC), the Foundation, whose support has allowed The CWC and the report authors Global …
market average.81 Family incomes in U.S. union monopsony power – has on wages. households are 10% to 20% … market “either of strong tripartite or social monopsony power may be economical- dialogue structures and …
CIRANO: Centre for Interuniversity Research and Analysis on Organizations · 26 July 2022 French
However, public figures regularly lead the way in attacking and attempting to subvert the development of competition and in undermining the efficient management, sharing, and transfer of risk, especially as …
called for more robust enforcement regarding monopsony / oligopsony power in labour markets, when assessing … of workers, but is even detrimental to them. Monopsony power in Canadian labour markets is little documented … discussing the determinants and effects of employer monopsony power in labour markets, as well as the theoretical … and findings based on a review of literature. Monopsony arises when firms have the ability to pay their … (Section 4 of Competition Act). An employer enjoys monopsony power when it has the ability to set wages below …
CIRANO: Centre for Interuniversity Research and Analysis on Organizations · 26 July 2022 French
À plusieurs égards, les économistes sont les scientifiques de la valeur, notamment la valeur du travail, la valeur du capital (humain, intellectuel, physique, financier) et la valeur des ressources naturelles …
l’élasticité salariale 5 Manning, A. (2020), Monopsony in labor markets: A review, Industrial and Labor … (2016). 10 Alan Manning, A generalised model of monopsony (2001). 11 Douglas A. Webber, Firm Market Power … 123-134 (2015), Douglas A. Webber, Firm-Level Monopsony and the Gender Pay Gap, 55 Industrial Relations … Jeff Jacobs, Suresh Naidu et Siddharth Suri, Monopsony in Online Labor Markets (National Bureau of Economic … Enhance Antitrust Protection against Labor Market Monopsony”, Roosevelt Institute Working Paper, http://rooseveltinstitute …
CIRANO: Centre for Interuniversity Research and Analysis on Organizations · 28 February 2022 English
In the last section of the paper, we apply the insights gained from our theoretical framework to our estimates of the passthrough elasticity in order to back out the implied …
corresponds to the classical models of atomistic monopsony frequently used in the trade, labor, and macroeconomic … 5.66 suggests (through the lens of our simple monopsony model) an average wage markdown of 15%, which … , Jacobs, J., Naidu, S. and Suri, S. (2020). Monopsony in online labor markets. American Economic Review: … Handbook of Labor Economics. 1, 8 — (2020). Monopsony in labor markets: a review. ILR Review. 1, 2.1 …
CIRANO: Centre for Interuniversity Research and Analysis on Organizations · 25 January 2022 English
The paper contributes to a growing body of research on understanding alternative work arrangements, much of which is motivated by the advent of the online gig economy.4 In addition to …
Jeff Jacobs, Suresh Naidu, and Siddharth Suri. Monopsony in online labor markets. American Economic Review: …
CSLS: Centre for the Study of Living Standards · 23 December 2021 English
The Productivity Median-Wage Gap It can be noted that the absolute level Growth, 1976-2019 of the median wage can rise even when the Panel A of Chart 2 shows the …
“superstar firms”. This dominance can translate into monopsony power, meaning that large firms responsible for …
CSLS: Centre for the Study of Living Standards · 16 December 2021 English
late 1980s: the one between the top and very top on the one hand and all other Wage Trends and Patterns to earners, including even those at the 95th be …
$33.10 in 2017 (2019$). In fact, median ployer monopsony power have identified a hourly compensation was … that are largest and ers than others. This new monopsony lit- best measured, i.e., excessive unemploy- … through use of independent contrac- as monopoly and monopsony).24 It seems tors, staffing agencies, or franchising … Business Database. 24 We will not use the label “monopsony” here for labour market concentration, as modern … modern labour economics has adopted the term “monopsony” to describe a wide range of influences—including …
