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.
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.
2) A monopsonist
faces, or at least perceives, an upward-sloping supply of labor.
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.