LEADER 04159nam 2200793 450 001 9910790857603321 005 20200520144314.0 010 $a0-691-11312-2 010 $a1-4008-5067-3 024 7 $a10.1515/9781400850679 035 $a(CKB)2550000001163388 035 $a(EBL)1538259 035 $a(OCoLC)863670969 035 $a(SSID)ssj0001164178 035 $a(PQKBManifestationID)11655026 035 $a(PQKBTitleCode)TC0001164178 035 $a(PQKBWorkID)11181074 035 $a(PQKB)10704306 035 $a(OCoLC)864138963 035 $a(MdBmJHUP)muse37208 035 $a(DE-B1597)447748 035 $a(OCoLC)1013938556 035 $a(OCoLC)922667378 035 $a(DE-B1597)9781400850679 035 $a(Au-PeEL)EBL1538259 035 $a(CaPaEBR)ebr10805906 035 $a(CaONFJC)MIL545524 035 $a(MiAaPQ)EBC1538259 035 $a(EXLCZ)992550000001163388 100 $a20030131h20032003 uy| 0 101 0 $aeng 135 $aur|||||||nn|n 181 $ctxt 182 $cc 183 $acr 200 10$aMonopsony in motion $eimperfect competition in labor markets /$fAlan Manning 205 $aCourse Book 210 1$aPrinceton, New Jersey :$cPrinceton University Press,$d[2003] 210 4$dİ2003 215 $a1 online resource (414 p.) 300 $aDescription based upon print version of record. 311 $a0-691-12328-4 311 $a1-306-14273-3 320 $aIncludes bibliographical references (pages [379]-395) and index. 327 $apart one. Basics -- part two. The structure of wages -- part three. Labor demand and supply -- part four. Wage-setting institutions and conclusions. 330 $aWhat 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. The book addresses the theoretical implications of monopsony and presents a wealth of empirical evidence. Our understanding of the distribution of wages, unemployment, and human capital can all be improved by recognizing that employers have some monopsony power over their workers. Also considered are policy issues including the minimum wage, equal pay legislation, and caps on working hours. In a monopsonistic labor market, concludes Manning, the "free" market can no longer be sustained as an ideal and labor economists need to be more open-minded in their evaluation of labor market policies. Monopsony in Motion will represent for some a new fundamental text in the advanced study of labor economics, and for others, an invaluable alternative perspective that henceforth must be taken into account in any serious consideration of the subject. 606 $aLabor market$xMathematical models 606 $aWages$xMathematical models 606 $aLabor economics$xMathematical models 606 $aMonopsonies$xMathematical models 606 $aCompetition$xMathematical models 606 $aLabor market$zUnited States$xMathematical models 606 $aLabor market$zGreat Britain$xMathematical models 615 0$aLabor market$xMathematical models. 615 0$aWages$xMathematical models. 615 0$aLabor economics$xMathematical models. 615 0$aMonopsonies$xMathematical models. 615 0$aCompetition$xMathematical models. 615 0$aLabor market$xMathematical models. 615 0$aLabor market$xMathematical models. 676 $a331.12 700 $aManning$b Alan$0124501 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910790857603321 996 $aMonopsony in motion$91205466 997 $aUNINA