1 Introduction One major explanati...

1 Introduction

One major explanation of the persistent shortage of registered nourishs is that the markets for feeds in small towns are always monopsonistic. Since the marginal return product of workers is greater than their wage in equilibrium, the monopsonist would like to hire more employee at the equilibrium wage that he or she proffers A monopsonist will always report vacancies accordingly, and because the market is in equilibrium the "reported vacancies" can persist indefinitely. This idea of reported vacancies can be traced back to Archibald (1954) Yett (1970a) and others have argued that Archibald's idea provides an answer for