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monopsony
(redirected from monopsonist)

    Also found in: Dictionary/thesaurus, Financial, Wikipedia 0.03 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.
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2) A monopsonist faces, or at least perceives, an upward-sloping supply of labor.
The effect of minimum salaries on employment of teachers: a test of ... by Boal, William M. / Southern Economic Journal
It concludes that the Service is essentially a monopsonist in this market, since almost no one else will pay for such information.
Should tax informants be paid? The law and economics of a government ... by Riggall, Kneave / Virginia Tax Review
59) Pipelines were monopsonists in that a pipeline was the only buyer that natural gas producers had access to at any given field.
The natural gas industry: lessons for the future of the carbon ... by Schwartz, David / Stanford Law & Policy Review
 
 
 
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