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Monopsony and labour demand

Manning, Alan (2005) Monopsony and labour demand. Brussels Economic Review / Cahiers Economiques de Bruxelles, 48 (1-2). pp. 95-112. ISSN 0008-0195

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Abstract

‘Monopsony and Labour Demand’ might strike many as a contradiction in terms as monopsony is often thought to mean an outcome on the labour supply and not the labour demand curve. This paper argues that, despite initial appearances to the contrary, there is no inevitable contradiction between the view that employers have some monopsony power over their workers and the enormous literature on the economics of labour demand. Indeed, popular models of ‘labour demand’ with convex costs of adjustment are really better thought of as models of monopsonistic firms. But the ‘labour demand’ literature could do with some re-focusing as the study of the wage and employment decisions of employers.

Item Type: Article
Official URL: http://homepages.vub.ac.be/~mcincera/BER/BER.html
Additional Information: © 2005 Editions du Dulbea a.s.b.l
Library of Congress subject classification: H Social Sciences > H Social Sciences (General)
H Social Sciences > HB Economic Theory
Journal of Economic Literature Classification System: J - Labor and Demographic Economics > J2 - Time Allocation, Work Behavior, and Employment Determination and Creation; Human Capital; Retirement > J23 - Employment Determination; Job Creation; Demand for Labor; Self-Employment
J - Labor and Demographic Economics > J4 - Particular Labor Markets > J42 - Monopsony; Segmented Labor Markets
Sets: Collections > Economists Online
Research centres and groups > Centre for Economic Performance (CEP)
Departments > Economics
Rights: http://www.lse.ac.uk/library/usingTheLibrary/academicSupport/OA/depositYourResearch.aspx
Date Deposited: 30 Jun 2008 09:02
URL: http://eprints.lse.ac.uk/6062/

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