TY - JOUR T1 - Labor Monopsony and the Limits of the Law JF - Journal of Human Resources JO - J Hum Resour DO - 10.3368/jhr.monopsony.0219-10030R1 SP - 0219-10030R1 AU - Suresh Naidu AU - Eric A. Posner Y1 - 2021/06/09 UR - http://jhr.uwpress.org/content/early/2021/06/02/jhr.monopsony.0219-10030R1.abstract N2 - Recent literature has suggested that antitrust regulation is an appropriate response to labor market monopsony. This article qualifies the primacy of antitrust by arguing that a significant degree of labor market power is “frictional,” that is, without artificial barriers to entry or excessive concentration of employment. If monopsony is pervasive under conditions of laissez-faire, antitrust is likely to play only a partial role in remedying it, and other legal and policy instruments to intervene in the labor market will be required. ER -