Printer Friendly
Dictionary, Encyclopedia and Thesaurus - The Free Dictionary
3,900,271,489 visitors served.
forum Join the Word of the Day Mailing List For webmasters
?
Dictionary/
thesaurus
Medical
dictionary
Legal
dictionary
Financial
dictionary
Acronyms
 
Idioms
Encyclopedia
Wikipedia
encyclopedia
?

Monopsony
(redirected from monopsonist)

    Also found in: Dictionary/thesaurus, Encyclopedia, Wikipedia 0.01 sec.
Monopsony
The existence of only one buyer in a market, forcing sellers to accept a lower price than the socially optimal price.
Monopsony
Describing a market for a good or service with several potential sellers and only one potential buyer. Low prices mark the monopsonies because the sellers must compete for the buyer, perhaps to below sustainable level. One may thing of a monopsony as the polar opposite of a monopoly. See also: Buyer's Market.
monopsony
Of, relating to, or being a market in which there is a single buyer of a particular good or service. Businesses selling in a market characterized by monopsony are likely to suffer below-average profitability because of the lack of alternative outlets for their products. Compare monopoly.
Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content.
?Page tools
Printer friendly
Cite / link 		Feedback
Add definition
Mentioned in?  References in periodicals archive?   Financial browser?   Full browser?
 
2) A monopsonist faces, or at least perceives, an upward-sloping supply of labor.
The effect of minimum salaries on employment of teachers: a test of ... by Boal, William M. / Southern Economic Journal
It concludes that the Service is essentially a monopsonist in this market, since almost no one else will pay for such information.
Should tax informants be paid? The law and economics of a government ... by Riggall, Kneave / Virginia Tax Review
59) Pipelines were monopsonists in that a pipeline was the only buyer that natural gas producers had access to at any given field.
The natural gas industry: lessons for the future of the carbon ... by Schwartz, David / Stanford Law & Policy Review
 
 
 
Financial Dictionary
?

Terms of Use | Privacy policy | Feedback | Advertise with Us | Copyright © 2012 Farlex, Inc.
Disclaimer
All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only. This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional.