Printer Friendly
The Free Dictionary
1,027,745,910 visitors served.
?
Dictionary/
thesaurus
Medical
dictionary
Legal
dictionary
Financial
dictionary
Acronyms
 
Idioms
Encyclopedia
Wikipedia
encyclopedia
?

monopsony
(redirected from Monopsony power)

   Also found in: Financial, Wikipedia 0.04 sec.

monopsony

In economic theory, market situation in which there is only one buyer. An example of pure monopsony is a firm that is the only buyer of labour in an isolated town; such a firm would be able to pay lower wages to its employees than it would if other firms were present. Though cases of pure monopsony are rare, monopsonistic elements are found wherever there are many sellers and few purchasers.


?Page tools
Printer friendly
Cite / link
Email
Feedback
? Mentioned in ? References in periodicals archive
No references found
 
The emphasis on joint programs has also increased the monopsony power of the government as procurement is further centralized from the different armed services.
The alternative to the conventional competitive model mentioned by CK is a blend of perfect competition in the market for output and monopsony power in the market for labor.
Either the cross-border trade must be banned or federal price regulations and provincial monopsony power must be replaced with normal market pricing in Canada.
 
Encyclopedia browser? ? Full browser
 
 
Encyclopedia
?

Disclaimer | Privacy policy | Feedback | Copyright © 2008 Farlex, Inc.
All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only. This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional.. Terms of Use.