LEADER 02872cam a22004697a 4500001 99128085249506421 005 20231027022942.0 006 m o d 007 cr cnu|||||||| 008 231027s2021 mau fo 000 0 eng d 035 (NBER)w29522 035 (CKB)4970000000237963 035 (EXLCZ)994970000000237963 040 MaCbNBER |beng |cMaCbNBER 084 J0 |2jelc 084 J2 |2jelc 084 J3 |2jelc 084 J4 |2jelc 100 1 Ashenfelter, Orley C. 245 10 Monopsony in the Labor Market: |bNew Empirical Results and New Public Policies / |cOrley C. Ashenfelter, David Card, Henry S. Farber, Michael Ransom. 260 Cambridge, Mass. |bNational Bureau of Economic Research |c2021. 300 1 online resource: |billustrations (black and white); 490 1 NBER working paper series |vno. w29522 588 0 Print version record 520 3 This paper summarizes the results of nearly a dozen new papers presented at the Sundance Conference on Monopsony in Labor Markets held in October 2018. These papers, to be published as a special issue of the Journal of Human Resources, study various aspects of monopsony and failures of competition in labor markets. It also reports on the new developments in public policies associated with widespread concerns about labor market competition and efforts to ameliorate competitive failures. The conference papers range from studies of the labor supply elasticity individual firms face to studies of local labor market concentration to studies of explicit covenants suppressing labor market competition. New policies range from private and public antitrust litigation to concerns about the effect of mergers and inter-firm agreements on labor market competition. We provide a detailed discussion of the mechanics of the Silicon Valley High Tech Worker conspiracy to suppress competition based on Court documents in the case. Non-compete agreements, which are not enforceable in three states already, have also come under scrutiny. 500 November 2021. 650 7 General |2jelc 650 7 Demand and Supply of Labor |2jelc 650 7 Wages, Compensation, and Labor Costs |2jelc 650 7 Particular Labor Markets |2jelc 710 2 National Bureau of Economic Research. 700 1 Card, David. 700 1 Farber, Henry S. 700 1 Ransom, Michael. 830 0 Working Paper Series (National Bureau of Economic Research) |vno. w29522. 906 BOOK