Definitions
from The American Heritage® Dictionary of the English Language, 5th Edition.
- noun A market situation in which the product or service of several sellers is sought by only one buyer.
from Wiktionary, Creative Commons Attribution/Share-Alike License.
- noun A market situation in which there is only one
buyer for aproduct .
from WordNet 3.0 Copyright 2006 by Princeton University. All rights reserved.
- noun (economics) a market in which goods or services are offered by several sellers but there is only one buyer
Etymologies
from The American Heritage® Dictionary of the English Language, 4th Edition
from Wiktionary, Creative Commons Attribution/Share-Alike License
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Examples
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And armor plate is -- is very tricky stuff to manufacture, and steel companies never liked manufacturing it much to begin with because, by its nature, it is what we called a monopsony; there's only one buyer in the market, and that's the United States Navy.
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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 Rebecca Tushnet 2009
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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.
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And since no market exists in monopsony, the contrary principle doesn’t apply either.
The Volokh Conspiracy » “Activist Government” and the Rights of Minorities 2010
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This might be called a monopsony in the labor market.
A Theory of Investment Banking, Arnold Kling | EconLog | Library of Economics and Liberty 2009
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The supermarkets enjoy what economists call a monopsony: excessive buying
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The supermarkets enjoy what economists call a monopsony: excessive buying
WN.com - Articles related to Supermarkets 'cutting drinks deals' 2010
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The minimum-wage advocates who have thought much about it (of course, many haven't) usually have in mind some kind of monopsony model
The Minimum Wage, Con't, Arnold Kling | EconLog | Library of Economics and Liberty 2009
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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 2009
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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 2009
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That's because companies still wield what's called monopsony power, which means employers still have the upper hand in setting wages because of a lack of competition between companies.
We were wrong about the Great Resignation. Workers are still powerless and the looming recession will make it worse. Juliana Kaplan 2022
oroboros commented on the word monopsony
Opposite of monopoly?
February 20, 2007
kewpid commented on the word monopsony
A buyer's market.
November 2, 2007