In economics, a monopsony is a market structure in which a single buyer substantially controls the market as the major purchaser of goods and services offered by many would-be sellers. The microeconomic theory of monopsony assumes a single entity to have market power over all sellers as the only purchaser of a good or service. This is a similar power to that of a monopolist, which can influence the price for its buyers in a monopoly, where multiple buyers have only one seller of a good or service available to purchase from.
In economics, a monopsony is a market structure in which a single buyer substantially controls the market as the major purchaser of goods and services...
Similar to a monopsony, an oligopsony is a group of few powerful buyers that demand the majority of goods and services purchased. Monopsonies and oligopsonies...
market structure consisting of both a monopoly (a single seller) and a monopsony (a single buyer). Bilateral monopoly is a market structure that involves...
however, minimum wages can increase the efficiency of the labor market in monopsony scenarios, where individual employers have a degree of wage-setting power...
enterprise is the only supplier of a particular thing. This contrasts with a monopsony which relates to a single entity's control of a market to purchase a good...
Competition, Robinson coined the term "monopsony", which is used to describe the buyer converse of a seller monopoly. Monopsony is commonly applied to buyers of...
where she coined the term "monopsony." Monopsony is used to describe the buyer converse of a seller monopoly. Monopsony is commonly applied to buyers...
firms. Game theory can elucidate behavior in duopolies and oligopolies. A monopsony is a market where there is only one buyer and many sellers. A bilateral...
Labour economics, or labor economics, seeks to understand the functioning and dynamics of the markets for wage labour. Labour is a commodity that is supplied...
Monopsony, when there is only a single buyer in a market. Discussion of monopsony power in the labor literature largely focused on the pure monopsony...
are unable to compete or even survive. The related terms oligopoly and monopsony are similar in meaning and this is the type of situation that antitrust...
which there are many sellers producing highly differentiated goods), monopsony (in which there is only one buyer of a good), and oligopsony (in which...
Economists have subsequently characterized the NCAA as a cartel and collusive monopsony. Pro-rating payouts to Division I basketball players in proportion to...
competitive markets, but to monopolistic competition, oligopoly, monopoly and monopsony. Computable general equilibrium Cost curve General equilibrium theory...
is a form of imperfect competition. The terms monopoly (one seller), monopsony (one buyer), and bilateral monopoly have a similar relationship. In each...
intermediaries can functionally act as both a monopoly on services and a monopsony on customers, as high switching costs prevent either from leaving even...
Virtual bidding is a strategy implemented in various Independent System Operator electricity markets of trading Day-Ahead prices against Real-Time (or...
perfectly competitive market, or between an evenly matched monopoly and monopsony. In many cases, bargaining power is not static and can be enhanced through...
The May Revolution (Spanish: Revolución de Mayo) was a series of revolutionary political and social events that took place during the early nineteenth...
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