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5 - The Intended and Unintended Victims of Monopsony

Published online by Cambridge University Press:  08 February 2024

Brianna L. Alderman
Affiliation:
Harvard University, Massachusetts
Roger D. Blair
Affiliation:
University of Florida
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Summary

In this chapter, we point out that private damage suits are not available to all victims of monopsonistic exploitation. In addition to the underpaid employees who have standing to sue, there are five groups that do not have standing: (1) employees who have been priced out of the market, (2) indirect suppliers of labor services, (3) umbrella employees, (4) suppliers of complementary inputs, and (5) buyers from the cartel.

Type
Chapter
Information
Monopsony in Labor Markets
Theory, Evidence, and Public Policy
, pp. 62 - 80
Publisher: Cambridge University Press
Print publication year: 2024

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