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
Alternatively, suppose the district is a monopsonist
in the market for teachers.
If the Service were a profit-maximizing monopsonist
, however, and could substitute other factors for tips from tax informants, and must pay a uniform price for such tips, then economic theory predicts that the Service would restrict its demand for tax tips to QM.
FTC B2B WORKSHOP (June 30, 2000), supra note 70, at 529 (comments of Rick Warren-Boulton) (unlike a monopsonist
, who "reduces the prices he pays .
One may indeed wonder why a monopsonist
will employ all workers.
An example of a theoretical model in which the central planner is a monopsonist
is provided by Roberts and Rodriguez (1997).
determines the quantity of labor to hire by setting the value of the marginal product equal to the marginal cost of labor, or
As well as the product market, issues of cartel-like behaviour arise in the labour market: the NZRFU could potentially act as a monopsonist
in the job market for players.
As a result, a monopsonist
like General Motors will be able to capture the larger share of the gains from trade with its specialized suppliers.
where a large number of farmers must deal with a monopsonist
buyer or a monopolist seller, or where a large number of consumers face a monopolist retailer (see e.
However, when the buyer is a monopsonist
as complex as the U.
and/or monopoly cartel could coordinate on any one of these three factors, fiercely compete with regard to the other two factors, and achieve the same profit-maximizing results as if they colluded on all three.