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monopsony
(redirected from Monopsony power)

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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.
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First, we derive specific pricing formulas for a market intermediary that simultaneously has monopsony power with respect to upstream purchases and monopoly power with respect to downstream sales.
Optimal two-part pricing in a carbon offset market: a comparison of ... by Fulton, Murray; Vercammen, James / Southern Economic Journal
Introduction One of the most widely held notions in sports economics is that owners of professional sports teams exercise monopsony power whenever and wherever they can.
The underpayment of restricted players in North American sports ... by Krautmann, Anthony C.; von Allmen, Peter; Berri, David / International Journal of Sport Finance
Welfare is likely to be adversely affected by the exercise of monopsony power in conditions where buyers have the ability to exploit a competitive supplying industry to depress market prices below competitive levels: ibid, 4.
Price-fixing between horizontal competitors in the English Super ... by O'Leary, Leanne / The International Sports Law Journal
 
 
 
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