Ross-Simmons Hardwood Lumber Co., in which the Court considered predatory purchasing by an alleged monopsonist
. (43) The Court heavily emphasized the parallel nature of monopoly and monopsony conduct as an economic and--the Court concluded--legal matter.
As a consequence, profit maximization of the monopsonist
These might be monopsonists
that enjoy greater hiring leeway because of their size and market presence (Lanzona 2014).
(5) Since D is the only downstream producer, it is also a monopsonist
buyer for U's good.
The government may still stand before the contractor as a monopsonist
, as the only domestic buyer of heavy weapons, and the veto authority on arms exports.
(303) The effect of piracy reducing the number of available revenue streams is therefore doubly damaging to the music industry, whose income is tied to the whims of a single revenue-generating format that is controlled by a monopsonist
. If music companies could diversify their revenue by effectively exploiting their copyrights in China--through monetized online downloads, subscription streaming, CD sales, and so on--they might be in a better position to weather fluctuations or downturns in the fortunes of the CRBT format.
purchaser of public goods and costs increase, the result is
Now consider the effect if all buyers in the hypothetical participate in a buyer price-fixing conspiracy and act as a single monopsonist
. This extreme case of a complete buyer conspiracy simplifies the economic analysis; however, even with less extensive conspiracies, the same basic outcome will result.
By that time the economy was encountering serious problems because cotton output was declining and the other major export, gas, went through pipelines to monopsonist
buyers who did not pay their bills; in 1997-9 Turkmenistan cut off gas supplies to Ukraine in an attempt to enforce payment.
Furthermore, the monopsonist
market structure plays a key role in increasing the power of the US government over its suppliers.
Off the equilibrium path, when a firm meets a worker for the second time, it knows that any other bidder involved in the auction believes itself to be a monopsonist
. Therefore, the firm again finds it optimal to offer the worker's reservation wage.
What is of particular interest in this case is that the monopsonist
employer does not decrease salaries as a player's MRP decreases with age.