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  • 6 - Collusion on Wages and Terms of Employment

  • Brianna L. Alderman, Harvard University, Massachusetts, Roger D. Blair, University of Florida
  • Book:
    Monopsony in Labor Markets
    Published online:
    08 February 2024
    Print publication:
    15 February 2024, pp 81-104

  • Summary

    In this chapter, we present an economic model of employer collusion that explores the economic consequences of concerted efforts to depress wages and other forms of compensation. This chapter spells out the organizational challenges of building and implementing an employer cartel. It also examines the incentives to cheat on the cartel agreement. Our central focus is on the harm done to employees as well as the impact on social welfare.

    In this chapter, we review an assortment of antitrust cases that alleged collusion on the wages paid and other terms of employment. These examples include hospital nurses, temporary duty nurses, college athletes, and highly talented college students. Finally, we explore the unintended consequences of collusion in the labor market – higher prices for consumers.