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Journal of Economic Perspectives: Vol. 16 No. 2 (Spring 2002)
JEP Volume. 16, Issue 2 | 
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Oligopsony and Monopsonistic Competition in Labor Markets
Article Citation
Bhaskar, V.,
Alan Manning, and
Ted To. 2002. "Oligopsony and Monopsonistic Competition in Labor Markets."
The Journal of Economic Perspectives,
16(2): 155-174.
DOI: 10.1257/0895330027300
DOI: 10.1257/0895330027300
Abstract
We argue that models of oligopsony or monopsonistic competition provide insights and explanation for many empirical phenomena in labor markets. Using a simple model with job differentiation and preference heterogeneity, we illustrate how such models can be employed to explain the existence of wage dispersion, the persistence of labor market discrimination, market failures in the provision of training and the anomalous employment effects of minimum wages.
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Full-text Article (Complimentary)
Authors
Bhaskar, V. (University of Essex, Colchester, United Kingdom)
Manning, Alan (Centre for Economic Performance, London School of Economics, London, United Kingdom)
To, Ted (Bureau of Labor Statistics, Washington, D.C., USA)
Manning, Alan (Centre for Economic Performance, London School of Economics, London, United Kingdom)
To, Ted (Bureau of Labor Statistics, Washington, D.C., USA)
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