Developments in Antitrust Policy Against Labor Market Monopsony

Abstract: Antitrust policies have traditionally focused on merger-induced damages to consumers caused by monopoly. Recently, a literature on monopsony has flourished, particularly when applied to labor. As a result, it would be natural to think about the harm to workers caused by mergers. In this article, we survey how the literature and empirical evidence on labor market power has evolved and how this has led to proposals of regulatory tools that can be used to analyze merger-induced harm on workers.

Keywords: antitrust policy; monopsony; labor market powe;

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Bibliographic Information

Provider: Federal Reserve Bank of Richmond

Part of Series: Richmond Fed Economic Brief

Publication Date: 2024-03

Volume: 24

Issue: 11