The dangers of monopolies and trusts have long been clear. A company or an allied group that controls most sales of a good or service can use that power to set prices at an arbitrarily high level.

One of the more depressing pieces of economic analysis offered to us recently is that by Jason Furman and Alan Kreuger on the issue of monopsony in employment markets in the United States. One is ...

You hear it claimed relatively often today that low wage employers have monopsony power. For example, this is a sometimes cited explanation for the claim that there is no disemployment effect of the ...

Talk to almost anyone about the forces at work behind Western politics’ contemporary upheaval, and it will not take long for your conversation to reach the discontents of the working class. In the ...

Amazon is raising the minimum wage for all its U.S. workers to $15 per hour, a decision that follows backlash from labor rights groups over the company’s pay and working conditions. As giant firms ...

September 19, 2022 Add as a preferred source on Google Add as a preferred source on Google You’ve probably noticed your favorite streaming giants, the likes of Netflix, Hulu, and HBO Max—once the ...

WASHINGTON (Reuters) - If U.S. antitrust enforcers decide to challenge the proposed $45 billion merger of Comcast Corp and Time Warner Cable Inc, it may be because of an idea with a funny-sounding ...

What do self-proclaimed freelance writer Stephen King and UPMC registered nurse Jodi Faltin have in common? They’re both fighting back against corporate monopsony power that eliminates competition in ...

Two erroneous notions have long infected the debate about appropriate public policies for prescription drugs. The first is that patents protecting intellectual property grant monopoly power and keep ...

f there’s only one employer in town, the employee’s bargaining power is relatively low. That’s the empirical claim behind the idea that monopsony -- a monopoly of demand for employees by a single ...