Federal Reserve Bank of Cleveland: 'Robinson Meets Roy: Monopsony Power and Comparative Advantage'
September 11, 2025
September 11, 2025
CLEVELAND, Ohio, Sept. 11 (TNSLrpt) -- The Federal Reserve Bank of Cleveland issued the following white paper (No. 25-19) on August 26, 2025, by Mark Bils, Baris Kaymak, and Kai-Jie Wu entitled "Robinson Meets Roy: Monopsony Power and Comparative Advantage."
Here are excerpts:
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We provide a number of insights into the nature and consequences of monopsony power through the lens of comparative advantage, where employers' power in wage sett . . .
Here are excerpts:
* * *
We provide a number of insights into the nature and consequences of monopsony power through the lens of comparative advantage, where employers' power in wage sett . . .