Browsing Norges Banks vitenarkiv by Author "Kostol, Andreas R."
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An anatomy of monopsony : Search frictions, amenities and bargaining in concentrated markets
Berger, David; Herkenhoff, Kyle; Kostol, Andreas R.; Mongey, Simon (Working paper;10/2023, Working paper, 2023)We contribute a theory in which three channels interact to determine the degree of monopsony power and therefore the markdown of a worker’s spot wage relative to her marginal product: (1) heterogeneity in worker-firm-specific ...