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Journal articles on the topic 'Monopson'

Author: Grafiati

Published: 4 June 2021

Last updated: 26 April 2022

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1

Sell, Friedrich L. "Das Monopson am Arbeitsmarkt: Beschäftigungs-, Output- und Preiseffekte." WiSt - Wirtschaftswissenschaftliches Studium 45, no. 6 (2016): 303–10. http://dx.doi.org/10.15358/0340-1650-2016-6-303.

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2

Luizer, James, and Robert Thornton. "Concentration in the Labor Market for Public School Teachers." ILR Review 39, no. 4 (1986): 573–84. http://dx.doi.org/10.1177/001979398603900410.

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Recent studies that have investigated the relationship between the monopsony power of school districts and teachers' salaries have reached conflicting conclusions. The authors of this paper argue that the discrepancies among previous studies may be due to the arbitrary demarcation of the boundaries of teacher labor markets and the use of faulty measures of monopsony. Using a new procedure for defining teacher labor market boundaries and several alternative indices of concentration, this study finds evidence of monopsonistic activity in local teacher labor markets in Pennsylvania. The monopsony

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3

Lin, Chung-Cheng. "Exploitation in Monopsony." Theoretical Economics Letters 05, no. 04 (2015): 494–502. http://dx.doi.org/10.4236/tel.2015.54058.

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4

Ashenfelter, Orley C., Henry Farber, and Michael R. Ransom. "Labor Market Monopsony." Journal of Labor Economics 28, no. 2 (2010): 203–10. http://dx.doi.org/10.1086/653654.

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5

Yunisvita, Yunisvita. "Does monopsony exist in academic labor market?" Jurnal Ekonomi Pembangunan 18, no. 1 (2020): 31–36. http://dx.doi.org/10.29259/jep.v18i1.11057.

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This study aims to examine empirically the power of monopsony in the academic labor market, particularly in public universities. Upward sloping supply curve is indicative of monopsony and its power supply elasticity is suspected of demand for lecturers. The method used to estimate the supply equation for lecturer at four public universities in Indonesia is OLS model. A stratified sample is determined proportionally as much as 348 lecturers, by academic rank, gender and discipline. It is found that the supply elasticity is inelastic indicating that earnings lecturers are in non-competitive cond

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6

Sukirno, Nurachma Indrati, and Arie Damayanti. "Dampak Pendidikan Terhadap Produktivitas dan Upah: Bukti Empiris Pasar Monopsoni di Industri Manufaktur Indonesia." Jurnal Ekonomi Kuantitatif Terapan 12, no. 2 (2019): 50. http://dx.doi.org/10.24843/jekt.2019.v12.i02.p10.

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Teori Human Capital mengatakan bahwa tenaga kerja yang berpendidikan lebih tinggi akan mendapatkan upah yang lebih besar karena mereka memiliki produktivitas yang lebih tinggi. Namun bukti empiris menunjukkan peningkatan produktivitas tidak selalu diikuti oleh peningkatan upah. Hal tersebut menggambarkan adanya degree of monopsony yang dimiliki perusahaan kepada tenaga kerjanya. Penelitian ini meneliti adanya degree of monopsony yang berbeda antar sektor dengan cara melihat hubungan antara komposisi tenaga kerja berdasarkan level pendidikan terhadap productivity-pay gap/rent sharing yang didap

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7

Manning, Alan. "Monopsony in Labor Markets: A Review." ILR Review 74, no. 1 (2020): 3–26. http://dx.doi.org/10.1177/0019793920922499.

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Researchers’ interest in monopsony has increased in recent years. This article reviews the accumulating evidence that employers have considerable monopsony power. It summarizes the application of this idea to explaining the impact of minimum wages and immigration, in anti-trust, and in understanding how to model the determinants of earnings in matched employer–employee data sets and the implications for inequality and the labor share.

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8

Gibbons, Eric M., Allie Greenman, Peter Norlander, and Todd Sørensen. "Monopsony Power and Guest Worker Programs." Antitrust Bulletin 64, no. 4 (2019): 540–65. http://dx.doi.org/10.1177/0003603x19875040.

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Guest workers on visas in the United States may be unable to quit bad employers due to barriers to mobility and a lack of labor market competition. Using H-1B, H-2A, and H-2B program data, we calculate the concentration of employers in geographically defined labor markets within occupations. We find that many guest workers face moderately or highly concentrated labor markets, based on federal merger scrutiny guidelines, and that concentration generally decreases wages. For example, moving from a market with a Herfindahl-Hirschman Index of zero to a market comprised of two employers lowers H-1B

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9

Kallio, A. Maarit I. "Analysing the Finnish pulpwood market under alternative hypotheses of competition." Canadian Journal of Forest Research 31, no. 2 (2001): 236–45. http://dx.doi.org/10.1139/x00-168.

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Efficient functioning of the wood market is crucial in a country where the forest sector is of strong macroeconomic importance. We investigate the possibility of noncompetitive behavior of the buyers in the Finnish pulpwood market. We simulate the buyers' behavior under alternative competition structures (perfect competition, Cournot oligopsony, and monopsony) and compare the simulated equilibria with the observed behavior in the years 19881997. In the static models the pulp industry firms are assumed to maximize their short-run variable profits either under fixed production capacity or, hypo

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10

Contensou, François. "Tarification binomiale du monopsone." Revue d’économie industrielle, no. 122 (June 15, 2008): 45–65. http://dx.doi.org/10.4000/rei.3827.

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11

Falch, Torberg, and Bjarne Strøm. "Wage bargaining and monopsony." Economics Letters 94, no. 2 (2007): 202–7. http://dx.doi.org/10.1016/j.econlet.2006.06.030.

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12

Suvakovic, Djordje,, and Goran Radosavljevic. "Monopsony in the labor market: Profit vs. Wage maximization." Ekonomski anali 52, no. 173 (2007): 7–35. http://dx.doi.org/10.2298/eka0773007s.

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This paper compares the efficiency of profit- and wage-maximizing (PM and WM) monopsony in the labor market. We show that, both locally and globally, a PM monopsony may well be dominated by its WM twin, where the local and global dominance are defined with respect to a single (inverse) labor supply function and a single family of such functions. This family is always divided in the two disjoint (sub)families of the PM and WM dominance. We also analyze some major factors that explain the size of these (sub)families. .

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13

Kahn, Lawrence M. "The Sports Business as a Labor Market Laboratory." Journal of Economic Perspectives 14, no. 3 (2000): 75–94. http://dx.doi.org/10.1257/jep.14.3.75.

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With superior data on compensation and productivity, as well as the occurrence of abrupt, dramatic market structure and player allocation rules changes, sports labor markets offer an excellent setting in which to test economic hypotheses. This paper reviews evidence from sports in four areas: employer monopsony, discrimination, the Coase Theorem, and incentive contracts, supervision and performance. There is considerable evidence of monopsony as well as for the existence of some forms of discrimination against minority athletes. Incentive contracts have strong effects on player performance and

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14

Raczyński, Mirosław. "Monopoly and Inequality." Gospodarka Narodowa 181, no. 1-2 (2003): 1–11. http://dx.doi.org/10.33119/gn/113759.

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15

Smyrlakis, Nikolaos, Leopold Summerer, and Loretta Latronico. "Innovation Dynamics in a Monopsony Structure." International Journal of Space Technology Management and Innovation 1, no. 1 (2011): 24–43. http://dx.doi.org/10.4018/ijstmi.2011010102.

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Innovation is a widely recognised driver of markets for economic growth and technological progress. This paper investigates the innovation dynamics in a monopsony market with a governmental monopsonist. The research is based on an agent-based model published for a traditional, competitive oligopoly market structure and explains aspects of innovation dynamics, such as how innovation is created, how the strategies of imitation and innovation pay off, the diffusion of both strategies and factors that influence them. Following the Schumpeterian concept of emerging innovation as a relational good,

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16

Dube, Arindrajit, Jeff Jacobs, Suresh Naidu, and Siddharth Suri. "Monopsony in Online Labor Markets." American Economic Review: Insights 2, no. 1 (2020): 33–46. http://dx.doi.org/10.1257/aeri.20180150.

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Despite the seemingly low switching and search costs of on-demand labor markets like Amazon Mechanical Turk, we find substantial monopsony power, as measured by the elasticity of labor supply facing the requester (employer). We isolate plausibly exogenous variation in rewards using a double machine learning estimator applied to a large dataset of scraped MTurk tasks. We also reanalyze data from five MTurk experiments that randomized payments to obtain corresponding experimental estimates. Both approaches yield uniformly low labor supply elasticities, around 0.1, with little heterogeneity. Our

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17

Hyde, Charles E., and Jeffrey M. Perloff. "Can Monopsony Power be Estimated?" American Journal of Agricultural Economics 76, no. 5 (1994): 1151–55. http://dx.doi.org/10.2307/1243408.

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18

Nissan, Edward, Roger D. Blair, and Jeffrey L. Harrison. "Monopsony: Antitrust Law and Economics." Southern Economic Journal 61, no. 1 (1994): 240. http://dx.doi.org/10.2307/1060162.

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19

Waterman, David. "Local monopsony and free riders." Information Economics and Policy 8, no. 4 (1996): 337–55. http://dx.doi.org/10.1016/s0167-6245(96)00021-2.

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20

Strobl, Eric, and Frank Walsh. "Monopsony, minimum wages and migration." Labour Economics 42 (October 2016): 221–37. http://dx.doi.org/10.1016/j.labeco.2016.09.004.

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21

Blair, Roger D., and Christina DePasquale. "Monopsony and two‐part tariffs." Managerial and Decision Economics 41, no. 5 (2020): 730–34. http://dx.doi.org/10.1002/mde.3132.

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22

Depasquale, Christina. "Collusive Monopsony and Antitrust Damages." Antitrust Bulletin 54, no. 4 (2009): 907–21. http://dx.doi.org/10.1177/0003603x0905400407.

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23

Jacobson, Jonathan M., and Gary J. Dorman. "Joint Purchasing, Monopsony and Antitrust." Antitrust Bulletin 36, no. 1 (1991): 1–79. http://dx.doi.org/10.1177/0003603x9103600101.

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24

Blair, Roger D., and Jeffrey L. Harrison. "The Measurement of Monopsony Power." Antitrust Bulletin 37, no. 1 (1992): 133–50. http://dx.doi.org/10.1177/0003603x9203700106.

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25

Manning, Alan. "A Generalised Model of Monopsony." Economic Journal 116, no. 508 (2006): 84–100. http://dx.doi.org/10.1111/j.1468-0297.2006.01048.x.

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26

Yeh, Chiou-nan, and Percy J. Vaughn. "Spatial Invariance Under Input Monopsony." International Advances in Economic Research 14, no. 2 (2008): 257. http://dx.doi.org/10.1007/s11294-008-9140-4.

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27

Ashenfelter, Orley, David Card, Henry Farber, and Michael R. Ransom. "Monopsony in the Labor Market." Journal of Human Resources 57, S (2022): S1—S10. http://dx.doi.org/10.3368/jhr.monopsony.special-issue-2022-introduction.

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28

Nathan, Dev. "From Monopoly to Monopsony Capitalism." Indian Journal of Labour Economics 64, no. 4 (2021): 843–66. http://dx.doi.org/10.1007/s41027-021-00350-w.

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29

Kinnucan, Henry, and Gregory Sullivan. "Monopsonistic Food Processing and Farm Prices: The Case of the West Alabama Catfish Industry." Journal of Agricultural and Applied Economics 18, no. 2 (1986): 15–24. http://dx.doi.org/10.1017/s0081305200006075.

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AbstractIncreasing concentration in food processing has important economic implications for agricultural producers and consumers. This paper addresses the issue by focusing on a case where pure monopsony conditions appear to hold–catfish processing in West Alabama. Farm-level impacts of the market power imbalance are described via a six equation theoretical model. Results show price elasticity of farm supply governing the economic incentive to the processor for exploiting its market power: less (more) elastic supply implies greater (lesser) divergence between competitive and monopsony price. T

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30

Hodžić, Hajrudin. "MONOPOL U ISLAMSKOME PRAVU." Zbornik radova Islamskog pedagoškog fakulteta u Bihaću 3, no. 3 (2010): 157–71. http://dx.doi.org/10.52535/27441695.2010.3.157-171.

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Iako se oko pitanja monopola prenose hadisi u kojima Allahov Poslanik, s.a.v.s., osuđuje one koji vrše monopol, islamski pravnici su se razišli oko njegove definicije, kao i predmeta na što se monopol odnosi. I pored toga što se načelno razilaze oko pravnoga statusa monopola, svi se slažu da sakralni tekstovi (en-nusūs) koji se oko ovoga pitanju prenose, dovoljno ukazuju kako se radi o djelu kojega islam zabranjuje. Da bi spriječili monopol, islamski pravnici predlažu određene mjere koje vlast treba da preduzme, kako bi se izbjeglo nanošenje bilo kakvoga oblika štete ljudima. Rad je obradio ka

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31

Bradfield, Michael. "Long-Run Equilibrium under Pure Monopsony." Canadian Journal of Economics 23, no. 3 (1990): 700. http://dx.doi.org/10.2307/135656.

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32

Mitchell, Daniel J. B., and Christopher L. Erickson. "Monopsony: Today's New Labor-Market Reality." WorkingUSA 8, no. 6 (2005): 671–82. http://dx.doi.org/10.1111/j.1743-4580.2005.00077.x.

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33

Muehlemann, Samuel, Paul Ryan, and Stefan C. Wolter. "Monopsony Power, Pay Structure, and Training." ILR Review 66, no. 5 (2013): 1097–114. http://dx.doi.org/10.1177/001979391306600504.

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34

Jinji, Naoto. "Factor market monopsony and international duopoly." Journal of International Trade & Economic Development 21, no. 2 (2012): 271–86. http://dx.doi.org/10.1080/09638191003731278.

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35

Booth, Alison L., and Gylfi Zoega. "Worker Heterogeneity, New Monopsony, and Training." Labour 22, no. 2 (2008): 247–70. http://dx.doi.org/10.1111/j.1467-9914.2007.00406.x.

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36

Blair, Roger D. "Merger to Monopsony: An Efficiencies Defense." Antitrust Bulletin 55, no. 3 (2010): 689–98. http://dx.doi.org/10.1177/0003603x1005500308.

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37

Blair, Roger D. "Merger to Monopsony: An Efficiencies Defense." Antitrust Bulletin 57, no. 3 (2012): 689–98. http://dx.doi.org/10.1177/0003603x1205700308.

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38

Lofgren, Karl Gustaf. "THE SPATIAL MONOPSONY: A THEORETICAL ANALYSIS*." Journal of Regional Science 26, no. 4 (1986): 707–30. http://dx.doi.org/10.1111/j.1467-9787.1986.tb01070.x.

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39

Medcalfe, Simon, and Robert J. Thornton. "Monopsony and teachers’ salaries in Georgia." Journal of Labor Research 27, no. 4 (2006): 537–54. http://dx.doi.org/10.1007/s12122-006-1019-7.

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40

Méndez, Fabio, and Facundo Sepúlveda. "Monopsony Power in Occupational Labor Markets." Journal of Labor Research 40, no. 4 (2019): 387–411. http://dx.doi.org/10.1007/s12122-019-09289-w.

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41

Burguet, Roberto, and József Sákovics. "Personalized prices and uncertainty in monopsony." International Journal of Industrial Organization 67 (December 2019): 102530. http://dx.doi.org/10.1016/j.ijindorg.2019.102530.

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42

Brooks, Wyatt J., Joseph P. Kaboski, Illenin O. Kondo, Yao Amber Li, and Wei Qian. "Infrastructure Investment and Labor Monopsony Power." IMF Economic Review 69, no. 3 (2021): 470–504. http://dx.doi.org/10.1057/s41308-021-00144-6.

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43

Currie, Janet, Mehdi Farsi, and W. Bentley Macleod. "Cut to the Bone? Hospital Takeovers and Nurse Employment Contracts." ILR Review 58, no. 3 (2005): 471–93. http://dx.doi.org/10.1177/001979390505800309.

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The authors examine changes in the wages, employment, and effort of nurses in California hospitals following takeovers by large chains in the 1990s. The market for nurses has been described as a classic monopsony, so that one might expect increases in firm market power to be associated with declines in wages. However, a basic contracting model predicts effects on effort rather than on wages, which is what this analysis finds: nurses experienced few declines in wages following takeovers, but did see increases in the number of patients per nurse, the measure of effort used here. The authors show

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44

Kirillova, O. Yu, R. M. Khalfin, and G. K. Malyshev. "Public Control as a Tool of Combating Unfair Competition in the Sphere of Public Procurement." Russian competition law and economy, no. 1 (August 20, 2021): 60–67. http://dx.doi.org/10.47361/2542-0259-2021-1-25-60-67.

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In this article discussed basic concept of Russian public procurement. Also stated the problem of monopsony byer power during tendering procedures or unfair competition in the sphere of public procurement. This happenes when byer sets restricting parameters on technical requirement documents for tendering objects. Accordingly, in the authors’ view the most effective way of counteracting this problem is public control. This article contains results of the survey that was made during the research that suggest an almost direct correlation between nominal saving and number of complaints filed agai

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45

Savitch, Leonid V., Angelo Massacci, Gordon R. Gray, and Norman P. A. Huner. "Acclimation to low temperature or high light mitigates sensitivity to photoinhibition: roles of the Calvin cycle and the Mehler reaction." Functional Plant Biology 27, no. 3 (2000): 253. http://dx.doi.org/10.1071/pp99112.

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Winter wheat (Triticum aestivum L cv. Monopol) plants grown under either control (20˚C, 250 PFD), low temperature (5˚C, 250 PFD) or high light conditions (20˚C, 800 PFD) were compared in order to assess the roles of the Calvin cycle and the Mehler reaction in the differential sensitivity to chronic photoinhibition. Despite similar photosynthetic responses to irradiance, the partial pressure of CO2 [p(CO2)] and photoinhibition, photosynthetic acclimation to cold temperature appears to be quite distinct from acclimation to high light. First, the lower ratio of Rubisco oxygenation/Rubisco carboxy

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46

Hirsch, Boris, Elke J. Jahn, and Claus Schnabel. "Do Employers Have More Monopsony Power in Slack Labor Markets?" ILR Review 71, no. 3 (2017): 676–704. http://dx.doi.org/10.1177/0019793917720383.

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This article confronts monopsony theory’s predictions regarding workers’ wages with observed wage patterns over the business cycle. Using German administrative data for the years 1985 to 2010 and an estimation framework based on duration models, the authors construct a time series of the labor supply elasticity to the firm and estimate its relationship to the unemployment rate. They find that firms possess more monopsony power during economic downturns. Half of this cyclicality stems from workers’ job separations being less wage driven when unemployment rises, and the other half mirrors that f

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47

Thornton, Robert J. "Retrospectives: How Joan Robinson and B. L. Hallward Named Monopsony." Journal of Economic Perspectives 18, no. 2 (2004): 257–62. http://dx.doi.org/10.1257/0895330041371240.

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The term “monopsony” was introduced by Joan Robinson in her 1932 classic The Economics of Imperfect Competition, although she gives credit to classics scholar B.L. Hallward of Cambridge for the actual coining of the term. Even though the term has become widely accepted by economists, its literal meaning is more idiosyncratic than simply “one buyer” of a commodity or service. In this paper I discuss the etymology of the term monopsony and suggest several other words that would seem to be more appropriate for describing this market phenomenon. This feature addresses the history of economic words

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48

KUHN, PETER. "Is monopsony the right way to model labor markets? a review of Alan Manning's monopsony in motion." International Journal of the Economics of Business 11, no. 3 (2004): 369–78. http://dx.doi.org/10.1080/1357151042000286456.

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49

Cooke, Michael, and Daniel Lang. "The effects of monopsony in higher education." Higher Education 57, no. 5 (2008): 623–39. http://dx.doi.org/10.1007/s10734-008-9166-9.

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50

Wilson, John D., Mike O’Boyle, and Ron Lehr. "Monopsony behavior in the power generation market." Electricity Journal 33, no. 7 (2020): 106804. http://dx.doi.org/10.1016/j.tej.2020.106804.

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