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Brianna L. Alderman is a Theodore H. Ashford Fellow at Harvard University. She is a Ph.D. student in the Department of Economics at Harvard University and currently holds bachelor's degrees in Economics, Mathematics, and Statistics from the University of Florida. Her current field interests include industrial organization, labor economics, and antitrust economics.
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Monopsony in Labor Markets

Brianna L. Alderman , Roger D. Blair


Cambridge University Press

2024-02-15

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The economics of monopsony power results in lower wages and other forms of compensation, as well as reduced employment. Wealth is transferred from workers to their employers. In addition, the employer's output is reduced, which leads to increased...

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