Monopsony: Mastering Monopsony, Unveiling the Economics of Labor Markets

· Economic Science 241-р ном · One Billion Knowledgeable
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What is Monopsony

According to the principles of economics, a monopsony is a market structure in which a single buyer controls the market to a significant degree by acting as the primary purchaser of products and services that are supplied by a large number of potential suppliers. Assuming that a single entity is the lone purchaser of an item or service, the microeconomic theory of monopsony establishes that this firm possesses market power over all other sellers. This is a power that is comparable to that of a monopolist, who has the ability to influence the price for its buyers in a monopoly, which is a situation in which several buyers have only one seller of a product or service accessible to purchase something from.


How you will benefit


(I) Insights, and validations about the following topics:


Chapter 1: Monopsony


Chapter 2: Labour economics


Chapter 3: Microeconomics


Chapter 4: Minimum wage


Chapter 5: Perfect competition


Chapter 6: New Keynesian economics


Chapter 7: Phillips curve


Chapter 8: Employment


Chapter 9: Classical general equilibrium model


Chapter 10: Efficiency wage


Chapter 11: Marginal revenue productivity theory of wages


Chapter 12: Edward Chamberlin


Chapter 13: Bilateral monopoly


Chapter 14: Labour market flexibility


Chapter 15: Goodwin model (economics)


Chapter 16: Factor market


Chapter 17: Inequality of bargaining power


Chapter 18: Labor demand


Chapter 19: Alan Manning


Chapter 20: Shapiro-Stiglitz theory


Chapter 21: Francis Kramarz


(II) Answering the public top questions about monopsony.


(III) Real world examples for the usage of monopsony in many fields.


Who this book is for


Professionals, undergraduate and graduate students, enthusiasts, hobbyists, and those who want to go beyond basic knowledge or information for any kind of Monopsony.

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