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monopsony

   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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Government systems, as examples in the United Kingdom, France, or Canada, usually result in a monopsony, a market condition where there is only one buyer for a product or service.
MY VIEW: DON'T THROW OUT HEALTH SYSTEM by The Santa Fe New Mexican (Santa Fe, NM)
He assured attendees that the division continues to keep a close watch on these sectors, as well as issues related to vertical integration, monopsony (buyer power) and the continuing relevance of the Packers and Stockyards Act.
Justice department takes greater interest in antitrust enforcement in ... by The Food & Fiber Letter
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
 
 
 
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