labor economics

Please anwswer this problem if you feel comfortable with the question...feel free to contact me with questions.. A labor market observer notes that amongst a specific demographic group that the quantity of labor supplied by that group has decreased as the market wage has increased. Explain the behaviour of this group and provide a real world example.

Impact of the Salary Cap on Pro Sports

I have to write an essay on the Salary Cap, I have no clue where to start, or what books to look at or what a salary cap is! 1) Please describe what sports were like (NFL) before the introduction of the salary cap? (was it monopsonistic labour?) Where can I find a book to help me write an essay on this? 2) What implications on labour did 1. free agency and 2. the salary cap have on pro sports? (What books can I use to help write an essay on this? also i'd need some economic models if possible) Thanks!

Current state of the NHL

What is the current state of the NHL? Why is there a lockout? Is it to do with revenues? Salary Caps? High player salaries? Too many unprofitable teams? Low ratings, low attendance? Revenue Sharing? The tv deals? I'm an NFL fan so i have no idea about hockey Thanks!

Monopoly/Monopsony

From Figure 1, a monopsonist's supply curve is the same as the market supply curve, and the marginal revenue product curve of team owners, the extra revenue generated by an additional worker, is represented by MRP. The marginal cost curve facing the team owners, is MC. The marginal cost curve is greater than the cost of additional purchases since the monopsonist must spend more on all of its purchases. The intersection of MRP and MC is at A. The quantity demanded of baseball players is Qm. The wage rate presented to baseball players is wm. The amount of monopsonistic exploitation is the distance between A and O. The amount of monopolistic exploitation is the distance between A and B. Total... click for more

Labor Union Question

I really don't know much about labor unions. Can you help me come up with some various ways that labor unions can influence the wage rate?