TY  - JOUR
AU  - Sullivan,Daniel
TI  - Monopsony Power in the Market for Nurses
JF  - National Bureau of Economic Research Working Paper Series
VL  - No. 3031
PY  - 1989
Y2  - July 1989
UR  - http://www.nber.org/papers/w3031
L1  - http://www.nber.org/papers/w3031.pdf
N1  - Author contact info:
Daniel Sullivan
Federal Reserve Bank of Chicago
230 South LaSalle Street
Chicago, Illinois 60604-1413
Tel: 312-322-5790
E-Mail: daniel.sullivan@chi.frb.org
AB  - Estimates are presented of the inverse elasticity of supply of nursing services to the individual hospital, a quantity which is a natural measure of employer market power. The estimates corresponding to employment changes taking place over one year are quite high (in the neighborhood  of 0.79) and even for changes taking place over three years are substantial (in the neighborhood of 0.26). The estimates do not significantly differ for hospitals in major metropolitan areas and do not depend very sensitively on the assumed form of the oligopsony equilibrium.
ER  -