A Generalised Model of Monopsony
Bibliographic Data
| ID | 9707438 |
|---|---|
| Authors | Alan Manning (0000-0002-7884-3580, London School of Economics and Political Science, corresponding author) |
| Year | 2006 |
| Volume | 116 |
| Issue | 508 |
| Pages | 84-100 |
| Publication date | 2006-01-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | The Economic Journal (JOURNAL) |
| Journal identifiers | ISSN: 0013-0133 • E-ISSN: 1468-0297 |
| Publisher | Oxford University Press (OUP) (PUBLISHER) |
| DOI | 10.1111/j.1468-0297.2006.01048.x |
| OpenAlex | W2163655788 |
| Language | EN |
| Citations received | 12 |
| References cited | 15 |
This article presents a general but very simple model in which the supply of labour to an individual employer is not infinitely elastic but the employer can also raise employment by increasing expenditure on recruitment. Using this, it is shown how that division between perfect competition and monopsony is whether there are diseconomies of scale in recruitment. Using a unique British data set containing information on both labour turnover costs and the number of recruits we present estimates that do suggest that there is an increasing marginal cost of recruitment. Copyright 2006 Royal Economic Society
Economic history · Economics · Monopsony · Neoclassical economics · Economic theories and models · Firm Innovation and Growth · ICT Impact and Policies
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Monopsony in spatial equilibrium
Job computerization, occupational employment and wages
Monopsony in the Low-Wage Labor Market? Evidence from Minimum Nurse Staffing Regulations
The longer term impact of hiring credits. Evidence from France
On the inefficiency of non‐competes in low‐wage labour markets
Does Collective Wage Bargaining Restore Efficiency in a Search Model with Large Firms
Getting Handcuffs on an Octopus
Wages and Recruitment
| Unique citing works | 12 |
|---|---|
| Citations per year | 0,5 |
| Citation span | 2002 - 2026 (25) |
| Citation velocity | current |
| Highly cited | No |
| Citation types | Neutral: 10 |