As a consequence, profit maximization of the monopsonist
Lastly, trends in the digital content distribution space give global salience to the third effect of diminished revenue streams--the potential for exploitation by monopsonist
As in Section A, this section assumes that the buyer conspiracy includes all buyers in the market and that they act jointly as a monopsonist
Proposition 2: The relationship between power of actor j over actor i (Pj) and dependence of actor j on actor i (Dj) will be positively moderated by a monopsonist
demand structure such that the negative slope of the curve at increasing levels of Dj will be weakened.
Moreover, when a firm meets a worker for the second time, the firm knows that the other bidder believes itself to be a monopsonist
Between 1914 and 1937, the Yankees were monopsonists
in the MLB labor market, and as theory predicts, they exploited their players.
Instead, a monopsonist
who sells into a competitive market will charge consumers the same price as a nonmonopsonist, but will supply a lower amount of the good.
47) At the other end of the continuum are situations where the state is a monopsonist
buyer, such as when it buys highly specialized military equipment.
2) A monopsonist
faces, or at least perceives, an upward-sloping supply of labor.
Monopsony in the labour market does not always require an agreement between numerous employers; a single employer could act as a monopsonist
if the movements of workers are prevented by ignorance and costs.
For example, for some workers in an isolated company town that was created by and is dominated by one employer, that employer is a monopsonist
for some kinds of employment.
It concludes that the Service is essentially a monopsonist
in this market, since almost no one else will pay for such information.