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 monopsony - Definition 

Monopsony (7976 bytes)
1: In [[economics]], a '''monopsony''' is a market with only one buyer in the market,...
3: ...robber baron]]s, [[John D. Rockefeller]] used his monopsony power to take advantage of the Union Pacific rail...
5: ...ds the input price, over which it has no control. Monopsony power in essence gives a business the ability to ...
7: ...ng the most they buy the most. This in turn gives monopsony/monopoly businesses above-normal profits when the...
9: == Monopsony in labor markets ==

Bargaining power (370 bytes)
1: ...ually arising from some sort of [[monopoly]] or [[monopsony]] position -- or a non-[[equilibrium]] situation ...

Oligopsony (908 bytes)
3: See also [[Monopsony]].

Market power (3659 bytes)
1: ...that of a [[monopoly]], but other forms such as [[monopsony]], and more moderate versions of these two extrem...
5: ...on of the market. In extreme cases - monopoly and monopsony - the firm controls the entire market. However, m...

Imperfect competition (1382 bytes)
8: * [[Monopsony]], in which there is only one buyer of a good.

Market form (1800 bytes)
8: * [[Monopsony]], when there is only one buyer in a market

Antitrust (2392 bytes)
38: *[[Monopsony]]

Oligopoly (3855 bytes)
5: The terms monopoly (one seller), monopsony (one buyer), and bilateral monopoly have a simila...

Market failure (6914 bytes)
24: ** [[monopsony]]

Monopoly (15242 bytes)
5: Monopoly should be distinguished from [[monopsony]], in which there is only one ''buyer'' of the pr...
82: *[[Monopsony]]

Phillips curve (9519 bytes)
46: ... of imperfect markets, [[monopoly|monopolies]], [[monopsony|monopsonies]], [[labor unions]], and other instit...

Minimum wage (18895 bytes)
50: ...can raise employment. Alan Manning's 2003 book, ''Monopsony in Motion: Imperfect Competition in Labor Markets...

Violence in industrial disputes (9349 bytes)
18: ...reate a labor [[monopoly]] so as to balance the [[monopsony]] a large employer inevitably enjoys as a purchas...

Unemployment (23634 bytes)
20: ...xistence of significant unemployment raises the [[monopsony]] power of one's employer: that raises the cost o...
26: ... As noted, unemployment may increase employers' [[monopsony]] power. Unemployment may thus promote [[producti...

List of economics topics (11007 bytes)
282: *[[Monopsony]]

Welfare economics (15677 bytes)
28: ...erfect market structures (such as [[monopoly]], [[monopsony]], [[oligopoly]], [[oligopsony]], and [[monopolis...

Exploitation (20304 bytes)
81: ...sm. The most common neoclassical exploiter is a [[monopsony]] or a [[monopoly]]. These exploiters have [[barg...

Supply and demand (32741 bytes)
95: ...be applied when a good has a single buyer, a '''[[monopsony]]''', but many sellers.

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This article is licensed under the GNU Free Documentation License. It uses material from the Wikipedia article "monopsony".