Monopsony

In recent years there has been a surge in interest in models of imperfect competition in the labor market, and monopsony in particular (Boal and Ransom, 1997; Bhaskar et al., 2002; Manning, 2003; Ashenfelter et al., 2010; Manning, 2011). The term ‘monopsony’ was introduced by Joan Robinson in her 1933 book The Economics of Imperfect