Wednesday - October 15, 2025
Federal Reserve Bank of St. Louis: 'An Information-based Theory of Monopsony Power'
October 06, 2025
ST. LOUIS, Missouri, Oct. 6 (TNSLrpt) -- The Federal Reserve Bank of St. Louis issued the following white paper (No. 2025-026) on Seotember 30, 2025, by Paulina Restrepo-Echavarria and Anton Cheremukhin entitled "An Information-based Theory of Monopsony Power."

Here are excerpts:

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We develop a tractable model of monopsony power based on information frictions in job search. Workers and firms choose probabilistic search strategies, with informa . . .

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