Reviewed by Somer Anderson Fact checked by Suzanne Kvilhaug A monopoly and a monopsony signify conditions of imperfect ...

Diane Coyle suggests ways to account for “free” digital services in economic frameworks, considers how to prevent the ...

In a competitive labor market, it is well known that minimum wages either have a negative or no effect on employment. In a monopsony labor market, a rise in the minimum wage rate may increase both ...

We investigate the cause of the decline in labor share using highly-detailed plant level ... is key to rejecting other potential hypotheses, such as increasing market power and monopsony power, and ...