RT Journal Article
SR Electronic
T1 Labor Monopsony and the Limits of the Law
JF Journal of Human Resources
JO J Hum Resour
FD University of Wisconsin Press
SP S284
OP S323
DO 10.3368/jhr.monopsony.0219-10030R1
VO 57
IS S
A1 Naidu, Suresh
A1 Posner, Eric A.
YR 2022
UL http://jhr.uwpress.org/content/57/S/S284.abstract
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.