For decades, economists gave short shrift to the idea of monopsony — a power employers can have to suppress wages. Now a wave ...

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 ...

Subsequent developments in the Alien franchise reintroduced human villains, ultimately a Steve Jobs/Elon Musk figure seeking ...

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 ...

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 ...

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 ...