Revisiting Labor Monopsony in Antitrust Economics

The chapter discusses the historical underestimation of labor market impacts in traditional antitrust economics, highlighting the recent shift towards acknowledging and addressing monopsony issues. It emphasizes the need to broaden the scope of antitrust economics to consider the broader effects on wages and labor dynamics in mergers and monopolies. The conversation also touches on the challenges of incorporating labor market effects into antitrust analysis, contrasting traditional approaches with the evolving focus on understanding and preventing harm in the economy.