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Monopsony in Motion: Imperfect Competition in Labor Markets
Alan Manning
€ 82.89
€ 64.07
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Description for Monopsony in Motion: Imperfect Competition in Labor Markets
Paperback. Analyzes labor markets from the real-world perspective: employers have significant market (or monopsony) power over their workers. Arguing that this power derives from frictions in the labor market that make it time-consuming and costly for workers to change jobs, this book re-examines much of labor economics based on this assumption. Num Pages: 416 pages, 28 line illus. 50 tables. BIC Classification: KCF. Category: (P) Professional & Vocational; (U) Tertiary Education (US: College). Dimension: 226 x 144 x 25. Weight in Grams: 530.
What happens if an employer cuts wages by one cent? Much of labor economics is built on the assumption that all the workers will quit immediately. Here, Alan Manning mounts a systematic challenge to the standard model of perfect competition. Monopsony in Motion stands apart by analyzing labor markets from the real-world perspective that employers have significant market (or monopsony) power over their workers. Arguing that this power derives from frictions in the labor market that make it time-consuming and costly for workers to change jobs, Manning re-examines much of labor economics based on this alternative and equally plausible assumption. ... Read more
What happens if an employer cuts wages by one cent? Much of labor economics is built on the assumption that all the workers will quit immediately. Here, Alan Manning mounts a systematic challenge to the standard model of perfect competition. Monopsony in Motion stands apart by analyzing labor markets from the real-world perspective that employers have significant market (or monopsony) power over their workers. Arguing that this power derives from frictions in the labor market that make it time-consuming and costly for workers to change jobs, Manning re-examines much of labor economics based on this alternative and equally plausible assumption. ... Read more
Product Details
Publisher
Princeton University Press United States
Number of pages
416
Format
Paperback
Publication date
2005
Condition
New
Weight
530g
Number of Pages
416
Place of Publication
New Jersey, United States
ISBN
9780691123288
SKU
V9780691123288
Shipping Time
Usually ships in 7 to 11 working days
Ref
99-1
About Alan Manning
Alan Manning is Professor of Economics and Director of the Labour Markets Programme in the Centre for Economic Performance at the London School of Economics. He has published numerous papers on labor economics.
Reviews for Monopsony in Motion: Imperfect Competition in Labor Markets
"Given the breadth and depth of the issues Manning covers
clearly, a staggering amount of work went into this book
even skeptical readers will not be able to dismiss his theory lightly... The book is so well written that even the most complicated material in it is readable. The presentation is also commendably well balanced... [It] deserves a place on our bookshelves ... Read more
clearly, a staggering amount of work went into this book
even skeptical readers will not be able to dismiss his theory lightly... The book is so well written that even the most complicated material in it is readable. The presentation is also commendably well balanced... [It] deserves a place on our bookshelves ... Read more