monopsony

How To Use monopsony In A Sentence

• The supermarkets enjoy what economists call a monopsony: excessive buying WN.com - Business News
• Competition among hiring firms had given way to what would today be called oligopsony or monopsony.
• There is power of pooling research ability, and even in monopsony: the power of consumers to say that they are organizing and have agreed not to buy products with too much price discrimination or too many limits on what patrons can do. Archive 2009-07-01
• I doubt if most advocates of a higher minimum wage could even pronounce "monopsony", much less have a monopsony model in mind. The Minimum Wage, Con't, Arnold Kling | EconLog | Library of Economics and Liberty
• The classic example of a monopsonistic labor market is Major League Baseball under the reserve clause; the explosion of player salaries following the introduction of free agency is an indication of how artificially depressed those salaries were under the extreme monopsony that previously prevailed. Archive 2008-05-01
• Using modern terms, in labor markets oligopsony or monopsony emerges, and market imperfections and a zero reservation price for labor exist.
• The minimum-wage advocates who have thought much about it (of course, many haven't) usually have in mind some kind of monopsony model - that is, they assume a market in which employers have some degree of monopoly buying power. The Minimum Wage, Con't, Arnold Kling | EconLog | Library of Economics and Liberty
• One way of attending to this need for prudent regulation would be to establish a monopsony, a situation where only one buyer exists for the products of several sellers.
• There may have been instances of monopsony or oligopsony in the 19th century, but they were short-lived.
• By National PostAugust 14, 2009 2: 04 AM What the Canadian Wheat Board calls "single-desk marketing" is, technically, a "monopsony" -- many sellers, but only one buyer; in this case the federal government. WN.com - Business News