Monopsony in motion
Subtitle: imperfect competition in labor markets
By: Alan Manning.
Publisher: Princeton University Press
Published: 2003
Place of publication: Princeton, N.J
Language: eng
Number of pages: 401
Subjects: Labor market -- Mathematical models; Wages -- Mathematical models; Labor economics -- Mathematical models; Monopsonies -- Mathematical models; Competition -- Mathematical models; Labor market -- United States -- Mathematical models; Labor market -- Great Britain -- Mathematical models
Description: "The book addresses the theoretical implications of monopsony and presents a wealth of empirical evidence. Our understanding of the distribution of wages, unemployment, and human capital can all be improved by recognizing that employers have some monopsony power over their workers. Also considered are policy issues including the minimum wage, equal pay legislation, and caps on working hours.

In a monopsonistic labor market, concludes Manning, the "free" market can no longer be sustained as an ideal and labor economists need to be more open-minded in their evaluation of labor market policies. Monopsony in Motion will represent for some a new fundamental text in the advanced study of labor economics, and for others, an invaluable alternative perspective that henceforth must be taken into account in any serious consideration of the subject."--BOOK JACKET.
Notes: Includes bibliographical references (p. [379]-395) and index.