These firms enjoy significant monopsony
power and are notorious for exercising it.
Do Health Insurers Possess Monopsony
Power in the Hospital Services Industry?
exists when there is only one buyer of a well-specified good or service.
Medicare generated monopsony
power, undermining the market power of medical professionals.
1995) (explaining that "[a]thletic prowess is, of course, a unique and highly specialized resource, of precisely the genre vulnerable to monopsony
manipulation" and if sports "team owners join together to suppress the price of athletic services through monopsony
practices, most athletes will not be able to switch profitably to other lines of work," thus creating a "labor market for professional athletes' services .
Low prices will prevail because of the monopsony
, but this will not stop catches because traditional fisheries such as shrimp, crab, and jumbo squid are depleting.
When a monopoly confronts a monopsony
in the market place, the outcome--as standard labor theory teaches--can only be decided via bargaining.
Defense is a strange business, indeed, The most important structural feature, even beyond the fact that the supply side has been almost fully privatized, is that it is a monopsony
The Canadian Parliament has approved legislation that would terminate the Canadian Wheat Board's monopoly and monopsony
powers, and the governor-general granted royal assent shortly thereafter, the final step to the measure becoming law.
A potentially important possible offset that has received attention in the literature is that of monopsony
(Manning 2003; Bhaskar, Manning, and To 2002).
No-player is a dummy variable indicating that no industry player is present in the mouza due to which the traditional milk collecting agent (dodhi) enjoys the monopsony
power in buying farmer milk.
Most importantly, and perhaps controversially, the single-entity structure gives MLS monopsony
power over the U.