An Anatomy of Monopsony: Search Frictions, Amenities and Bargaining in Concentrated Markets
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We contribute a theory in which three channels interact to determine the degree of monopsony power and therefore the wedge between a workers spot wage and her marginal product (henceforth, the wage markdown): (1) heterogeneity in worker-firm-specific preferences (nonwage amenities), (2) firm
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美国国家经济研究局创建时间：
2023-04-01
