abstract: 'Not long ago, economists denied the existence of monopsony in labor

  markets. Today, scholars are talking about using antitrust law to

  counter employer wage -setting power. While concerns about inequality,

  stagnant wages, and excessive firm power are certainly to be welcomed,

  this sudden about-face in theory, evidence, and policy runs the risk of

  overlooking some important concerns. The purpose of this Essay is to

  address these concerns and, more critically, to discuss some tensions

  be-tween antitrust and labor law, a more traditional method for

  regulating labor mar-kets. Part I addresses a question raised in the

  very recent literature, about why an-titrust has not been a traditional

  tool of labor market regulation. Part II addresses some drawbacks in the

  social objectives of antitrust regulation, namely, the so-called

  consumer welfare standard or, as proposed for the labor market, the

  worker wel-fare standard, and suggests an alternative standard. Finally,

  Part III asks whether antitrust is an appropriate response to labor

  market monopsony. That Part shows that there are some significant

  tensions between antitrust and labor law and, given those tensions,

  explains why more traditional methods of wage regulation, collective

  bargaining, and even minimum wage legislation offer some distinct

  advantages.'
affiliation: 'Dimick, M (Corresponding Author), Univ Buffalo, Sch Law, Law, Buffalo,
  NY 14260 USA.

  Dimick, Matthew, Univ Buffalo, Sch Law, Law, Buffalo, NY 14260 USA.'
author: Dimick, Matthew
author_list:
- family: Dimick
  given: Matthew
da: '2023-09-28'
files: []
issn: 0041-9494
journal: UNIVERSITY OF CHICAGO LAW REVIEW
keywords-plus: 'FAST-FOOD INDUSTRY; MINIMUM-WAGE; LEGAL RULES; INCOME-TAX; MONOPOLISTIC

  COMPETITION; UNITED-STATES; NEW-JERSEY; EMPLOYMENT; INEQUALITY;

  EFFICIENCY'
language: English
month: MAR
number: '2'
number-of-cited-references: '134'
pages: 379-436
papis_id: da4d4c3f6110b0bc18288dbe7cc5587a
ref: Dimick2023conflictlaws
times-cited: '0'
title: Conflict of Laws? Tensions Between Antitrust and Labor Law
type: article
unique-id: WOS:000952272400004
usage-count-last-180-days: '1'
usage-count-since-2013: '1'
volume: '90'
web-of-science-categories: Law
year: '2023'