PT - JOURNAL ARTICLE AU - Suresh Naidu AU - Eric A. Posner TI - Labor Monopsony and the Limits of the Law AID - 10.3368/jhr.monopsony.0219-10030R1 DP - 2021 Jun 09 TA - Journal of Human Resources PG - 0219-10030R1 4099 - http://jhr.uwpress.org/content/early/2021/06/02/jhr.monopsony.0219-10030R1.short 4100 - http://jhr.uwpress.org/content/early/2021/06/02/jhr.monopsony.0219-10030R1.full AB - 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.