In economics, a monopsony is a market structure in which a single buyer substantially controls the market as the major purchaser of goods and services...
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Factor market (section Monopsony and oligopsony)
Similar to a monopsony, an oligopsony is a group of few powerful buyers that demand the majority of goods and services purchased. Monopsonies and oligopsonies...
20 KB (3,042 words) - 17:14, 30 December 2023
Bilateral monopoly (redirect from Bilateral monopsony)
market structure consisting of both a monopoly (a single seller) and a monopsony (a single buyer). Bilateral monopoly is a market structure that involves...
14 KB (1,947 words) - 17:54, 21 April 2024
Minimum wage (section Monopsony)
however, minimum wages can increase the efficiency of the labor market in monopsony scenarios, where individual employers have a degree of wage-setting power...
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where she coined the term "monopsony." Monopsony is used to describe the buyer converse of a seller monopoly. Monopsony is commonly applied to buyers...
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enterprise is the only supplier of a particular thing. This contrasts with a monopsony which relates to a single entity's control of a market to purchase a good...
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Monopsony, when there is only a single buyer in a market. Discussion of monopsony power in the labor literature largely focused on the pure monopsony...
21 KB (2,671 words) - 09:26, 27 April 2024
Competition, Robinson coined the term "monopsony", which is used to describe the buyer converse of a seller monopoly. Monopsony is commonly applied to buyers of...
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are unable to compete or even survive. The related terms oligopoly and monopsony are similar in meaning and this is the type of situation that antitrust...
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Labour economics (section Monopsony)
Labour economics, or labor economics, seeks to understand the functioning and dynamics of the markets for wage labour. Labour is a commodity that is supplied...
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Economists have subsequently characterized the NCAA as a cartel and collusive monopsony. Pro-rating payouts to Division I basketball players in proportion to...
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which there are many sellers producing highly differentiated goods), monopsony (in which there is only one buyer of a good), and oligopsony (in which...
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Conglomerate Horizontal integration Mergers and acquisitions Monopoly Monopsony Vertical integration Decentralization Enforced breakup Freelancing Homesteading...
47 KB (4,605 words) - 20:48, 25 April 2024
Conglomerate Horizontal integration Mergers and acquisitions Monopoly Monopsony Vertical integration Decentralization Enforced breakup Freelancing Homesteading...
86 KB (8,756 words) - 14:21, 18 May 2024
Microeconomics (section Monopsony)
firms. Game theory can elucidate behavior in duopolies and oligopolies. A monopsony is a market where there is only one buyer and many sellers. A bilateral...
49 KB (5,885 words) - 17:35, 5 May 2024
Conglomerate Horizontal integration Mergers and acquisitions Monopoly Monopsony Vertical integration Decentralization Enforced breakup Freelancing Homesteading...
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Conglomerate Horizontal integration Mergers and acquisitions Monopoly Monopsony Vertical integration Decentralization Enforced breakup Freelancing Homesteading...
42 KB (5,289 words) - 08:22, 19 May 2024
Conglomerate Horizontal integration Mergers and acquisitions Monopoly Monopsony Vertical integration Decentralization Enforced breakup Freelancing Homesteading...
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infrastructure appeared in the form of numerous anti-chain campaigns. The idea of "monopsony", proposed by Cambridge economist Joan Robinson in 1933, that a single...
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competitive markets, but to monopolistic competition, oligopoly, monopoly and monopsony. Computable general equilibrium Cost curve General equilibrium theory...
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Franchise Sector". Journal of Human Resources. 57: S324–S348. doi:10.3368/jhr.monopsony.1019-10483. hdl:10419/185132. ISSN 0022-166X. S2CID 240643326. "The Profile...
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Conglomerate Horizontal integration Mergers and acquisitions Monopoly Monopsony Vertical integration Decentralization Enforced breakup Freelancing Homesteading...
59 KB (7,567 words) - 07:26, 21 May 2024
Conglomerate Horizontal integration Mergers and acquisitions Monopoly Monopsony Vertical integration Decentralization Enforced breakup Freelancing Homesteading...
27 KB (3,273 words) - 12:31, 12 May 2024
Gender pay gap (section Monopsony explanation)
discrimination disappear in the long run even under stylized models. In monopsony theory, which describes situations where there is only one buyer (in this...
119 KB (14,040 words) - 12:38, 24 May 2024
Conglomerate Horizontal integration Mergers and acquisitions Monopoly Monopsony Vertical integration Decentralization Enforced breakup Freelancing Homesteading...
103 KB (12,570 words) - 17:17, 19 May 2024
Virtual bidding is a strategy implemented in various Independent System Operator electricity markets of trading Day-Ahead prices against Real-Time (or...
6 KB (948 words) - 06:33, 16 May 2022
Conglomerate Horizontal integration Mergers and acquisitions Monopoly Monopsony Vertical integration Decentralization Enforced breakup Freelancing Homesteading...
6 KB (400 words) - 22:18, 6 May 2024
is a form of imperfect competition. The terms monopoly (one seller), monopsony (one buyer), and bilateral monopoly have a similar relationship. In each...
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Conglomerate Horizontal integration Mergers and acquisitions Monopoly Monopsony Vertical integration Decentralization Enforced breakup Freelancing Homesteading...
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perfectly competitive market, or between an evenly matched monopoly and monopsony. In many cases, bargaining power is not static and can be enhanced through...
15 KB (1,945 words) - 10:29, 27 March 2024