Asset Details
Do you wish to reserve the book?
Labor Market Concentration and Competition Policy Across the Atlantic
Hey, we have placed the reservation for you!
By the way, why not check out events that you can attend while you pick your title.
Oops! Something went wrong.
Looks like we were not able to place the reservation. Kindly try again later.
Are you sure you want to remove the book from the shelf?
Labor Market Concentration and Competition Policy Across the Atlantic
Do you wish to request the book?
Labor Market Concentration and Competition Policy Across the Atlantic
Please be aware that the book you have requested cannot be checked out. If you would like to checkout this book, you can reserve another copy
We have requested the book for you!
Your request is successful and it will be processed during the Library working hours. Please check the status of your request in My Requests.
Oops! Something went wrong.
Looks like we were not able to place your request. Kindly try again later.
Journal Article
Labor Market Concentration and Competition Policy Across the Atlantic
2023
Overview
Drawing upon data from the largest cross-country study of labor market concentration to date, this Essay analyzes the level of concentration of labor-input markets in Europe and North America and provides a comparative perspective on employers' monopsony power. It explores the characteristics of monopsony in labor markets and documents its impact by looking at the magnitude of employer concentration in selected jurisdictions. Using a harmonized dataset of online vacancies, this Essay shows that European labor markets are no more competitive than North American ones. It also supports the view that the effects of concentration on labor markets are broadly similar in both Europe and North America, despite the much stronger labor market institutions in Europe. The Essay shows that there is no apparent economic or legal justification for a lack of enforcement activity by European competition authorities in labor markets relative to the United States. While enforcement action has picked up in the last two years in Europe, there is likely still scope for a significant increase in the role of competition enforcement in labor markets. The Essay identifies sectors and practices that may be scrutinized with priority by European competition authorities and proposes a mix of enforcement, merger control, and well-targeted policy and regulatory solutions to address employers' monopsony power.
Publisher
University of Chicago Law Review,University of Chicago, acting on behalf of the University of Chicago Law Review
