Chapter 4. Imperfectly Competitive Labor Markets

  1. Joyce P. Jacobsen and
  2. Gilbert L. Skillman

Published Online: 14 JAN 2008

DOI: 10.1002/9780470755587.ch5

Labor Markets and Employment Relationships: A Comprehensive Approach

Labor Markets and Employment Relationships: A Comprehensive Approach

How to Cite

Jacobsen, J. P. and Skillman, G. L. (eds) (2004) Imperfectly Competitive Labor Markets, in Labor Markets and Employment Relationships: A Comprehensive Approach, Blackwell Publishing Ltd, Malden, MA, USA. doi: 10.1002/9780470755587.ch5

Publication History

  1. Published Online: 14 JAN 2008
  2. Published Print: 1 JAN 2004

ISBN Information

Print ISBN: 9780631208365

Online ISBN: 9780470755587

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Keywords:

  • labor markets;
  • wage-taking behavior;
  • flexible wage adjustment;
  • pure monopsony;
  • buyer-side competition

Summary

This chapter contains section titled:

  • BEHIND THE WAGE ASSUMPTIONS OF THE COMPETITIVE MODEL Wage-taking behavior

  • Flexible wage adjustment

  • MONOPSONY IN THE LABOR MARKET Pure monopsony

  • Oligopsony: the case of limited buyer-side competition

  • Mobility barriers and monopsony power

  • UNIONS AS LABOR MONOPOLIES Wage effects for unionized workers

  • Labor spillover and threat effects of union wage gains

  • THE PROBLEM OF BILATERAL MONOPOLY

  • WAGE-DEPENDENT GAINS FROM LABOR EXCHANGE

  • CONCLUSION