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    Please use this identifier to cite or link to this item: http://nccur.lib.nccu.edu.tw/handle/140.119/71125

    Title: The Shortage of Registered Nurses in Monopsony:A new view from efficiency wage and job-hour models
    Authors: 林忠正
    Lin, Chung-cheng
    Contributors: 財政系
    Keywords: Studies;Equilibrium;Labor market;Economic models;Monopsony
    Date: 2002
    Issue Date: 2014-11-04 18:11:40 (UTC+8)
    Abstract: It has been argued that a monopsonist would like to hire more workers at the equilibrium wage that he or she offers. The labor market equilibrium in monopsony is therefore characterized by "reported vacancies." This property is claimed to be perfectly consistent with the persistent shortage of registered nurses. By using the famous Solow (1979) efficiency wage monopsony model and a job-hour monopsony model, this paper examines the validity of this argument. It is shown that a monopsonist may not report vacancies since the labor market equilibrium in monopsony may be in a state of excess labor supply. As a consequence, the theoretical explanation of the shortage of registered nurses must be found beyond the simple textbook monopsony model.
    Relation: The American Economist, 46(1), 29-35
    Data Type: article
    Appears in Collections:[財政學系] 期刊論文

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